Overview

• The TrumpCard.gov site opened on June 11 to register interested investors, logging over 70 000 sign-ups by June 17.
• Applicants must pledge a $5 million investment to secure priority consideration for US residency under the new program.
• If enacted, the Gold Card would replace the EB-5 visa route, which currently grants green cards for investments starting at $1 050 000.
• Commerce Secretary Howard Lutnick has said he has seen strong interest from Middle Eastern tycoons seeking the program’s benefits.
• Legal experts have questioned whether a presidential order can enact such sweeping immigration changes without congressional approval.