Trump Announces ‘Gold Card’ Visa Program Costing $5 Million

President Donald Trump announced a new visa program for investors coming to the United States on Tuesday that would cost applicants $5 million.

Trump, touting the project as a “Gold Card” program mimicking the Green Cards permanent residents get, told reporters in the Oval Office that it would be up and running in two weeks.

The announcement came as other immigration routes expanded during the Biden administration are being curtailed, particularly for those from Central and Southern America. Trump has advocated for legal immigration, particularly work-based visas, which he has said help bring money and jobs into the country.

The president said the current investor visa, known as EB-5, would be scrapped in favor of “selling a Gold Card” to those who want to invest in the U.S. (Read more from “Trump Announces ‘Gold Card’ Visa Program Costing $5 Million” HERE)

Photo credit: Gage Skidmore via Flickr