Trump Proposes New 'Gold Card' Program for Wealthy Investors
President Donald Trump has proposed a new “gold card” program aimed at granting U.S. residency to wealthy foreign investors, replacing the existing EB-5 visa program. The initiative, announced alongside Commerce Secretary Howard Lutnick, would offer legal residency—and a potential pathway to citizenship—to individuals willing to invest approximately $5 million in the U.S. The program is designed to attract high-net-worth individuals and corporations seeking to bring skilled employees to the country.
The gold card would replace the EB-5 visa, which has faced criticism for fraud and abuse. The EB-5 program, established in 1990, requires a minimum investment of $1 million (or $500,000 in targeted rural or high-unemployment areas) in exchange for green cards. Trump and Lutnick emphasized that the new program would include rigorous vetting to ensure applicants are “world-class global citizens” who can contribute to the U.S. economy.
While the administration has not provided full details, the proposal suggests that corporations could also purchase residency for highly skilled or educated employees, potentially replacing certain work visas. The plan, however, would require congressional approval, as the EB-5 program was reauthorized by Congress in 2022 with additional oversight measures.
Critics and supporters alike are watching closely, as the proposal could reshape U.S. immigration policy by prioritizing economic contributions over other factors. The administration argues that the program will stimulate job creation and economic growth, though its implementation and impact remain to be seen.
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Trump floats a “gold card” to grant US residency to wealthy foreigners
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