Trump Proposes $5 Million 'Gold Card' Visa to Replace EB-5 Program

The initiative aims to attract wealthy investors with a streamlined path to U.S. residency and citizenship, with 250,000 applicants reportedly in line.

President Trump announced a new 'Gold Card' visa program, priced at $5 million, as a replacement for the EB-5 immigrant investor visa.
Commerce Secretary Howard Lutnick stated that 250,000 people are already waiting for the program, potentially generating $1.25 trillion in revenue for the U.S.
The 'Gold Card' offers green card privileges and a pathway to citizenship, targeting global entrepreneurs and high-net-worth individuals.
Critics have raised concerns that the program prioritizes wealth over merit, with Rep. Ro Khanna arguing that successful entrepreneurs do not necessarily need millions of dollars to contribute to the U.S. economy.
The administration plans to implement stricter vetting and oversight compared to the EB-5 program, which has faced criticism for fraud and inefficiency.