Trump Unveils $5 Million “Gold Card” for Fast-Track U.S. Citizenship

In a controversial move, U.S. President Donald Trump has proposed a new immigration initiative called the “Gold Card” program, offering wealthy immigrants a fast-track path to U.S. citizenship in exchange for a $5 million investment.

The proposal aims to replace the existing EB-5 investor visa program, which allows foreign nationals to gain permanent residency by investing in U.S. businesses.

According to Trump, the Gold Card will offer the same privileges as a green card but with additional benefits, ultimately paving the way for holders to achieve citizenship.

“It’s going to give you green card privileges plus it’s going to be a route to citizenship, and wealthy people would be coming into our country by buying this card,” Trump explained in a statement from the Oval Office.

The president believes that the Gold Card program will attract high-net-worth individuals who will contribute to the U.S. economy through taxes, spending, and job creation.

Trump remains optimistic about the initiative, claiming that it will draw in “wealthy and successful people” who will benefit both themselves and the nation.

Details of the program are expected to be released in the next two weeks, with the federal government potentially selling up to 10 million Gold Cards.

Trump envisions this initiative as a way to help reduce the federal deficit by encouraging significant foreign investment.

The new plan will raise the price of entry for investors and aims to eliminate the fraud associated with the EB-5 program, which was introduced by Congress in 1990.

Commerce Secretary Howard Lutnick stated that the Gold Card program will offer a more secure and refined pathway to U.S. residency and citizenship.

With about 8,000 people securing EB-5 visas in 2022, the introduction of the Gold Card could dramatically alter the landscape for wealthy immigrants seeking U.S. residency through investment.