Trump wants to use $5 million ‘gold cards’ to replace foreign investor visas
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President Donald Trump said he wants to replace a long-standing visa program for foreign investors with a "gold card" that would provide them legal permanent residency and a path to citizenship for $5 million. Limited time: Save 25% on NBC News subscription Get exclusive reporting, live Q&As and ad-free reading. Trump first floated the idea during an impromptu question-and-answer session at the Oval Office on Tuesday as he signed a series of executive orders.
AI Summary
Main Idea: President Donald Trump wants to replace the foreign investor EB-5 visa with a new $5 million “gold card” that would give buyers permanent residency and a path to citizenship.
Key Points:
- Trump said the card would let wealthy foreigners live and work in the U.S. and could bring in major revenue.
- The Commerce Department said the plan would take the place of the current investor visa program and is meant to cut fraud and red tape.
- The EB-5 program already gives residency to investors who put money into job-creating projects, but use of it has fallen in recent years.
- Critics say the plan could favor the rich, raise corruption risks, and may need Congress to approve it.
Impact on the People
Negative Impact
Replacing EB-5 visas with a $5 million gold card could favor the rich, raise fraud and security worries, and leave voters unsure whether jobs or tax gains will reach ordinary workers.
Positive Impact
If vetted well, the Commerce Department says the plan could bring wealthy investors who spend money, pay taxes, and help create jobs.
How did each entity affect people?
Rate how each entity in this article affected the American people.
- Primary:President Donald Trumpperson
Candidate Entities8 candidates · 5 weighted vote min · 70% decision
- President Donald TrumppersonPrimaryEvaluated
Central actor announcing the proposed “gold card” plan and its replacement of EB-5 visas.
Include 0 (0%)Ignore 0 (0%)5 to threshold - Secretary Howard LutnickpersonMajorAI selected
Commerce Secretary who publicly backed and explained the proposal alongside Trump.
Include 0 (0%)Ignore 0 (0%)5 to threshold - Daniel SteinpersonContextCandidate
Quoted as the president of FAIR, offering a reaction and criticism of Trump’s proposal.
Include 0 (0%)Ignore 0 (0%)5 to threshold - Fairnonprofit / NGOContextCandidate
Named immigration advocacy organization whose president comments on the proposal.
Include 0 (0%)Ignore 0 (0%)5 to threshold - CanadacountryMentionCandidate
Cited as one of several countries with golden visa programs for comparison.
Include 0 (0%)Ignore 0 (0%)5 to threshold - GreececountryMentionCandidate
Cited as one of several countries with golden visa programs for comparison.
Include 0 (0%)Ignore 0 (0%)5 to threshold - MaltacountryMentionCandidate
Cited as one of several countries with golden visa programs for comparison.
Include 0 (0%)Ignore 0 (0%)5 to threshold - PortugalcountryMentionCandidate
Cited as one of several countries with golden visa programs for comparison.
Include 0 (0%)Ignore 0 (0%)5 to threshold
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