Overview

• Commerce Secretary Howard Lutnick announced that a registration website, trumpcard.gov, will go live in about a week, allowing foreign nationals with $5 million to apply for the 'Gold Card' visa.
• The 'Gold Card' visa would replace the EB-5 immigrant investor program and provide green card privileges along with a pathway to U.S. citizenship.
• The Trump administration claims the program could generate up to $1 trillion from wealthy investors to help address the $36 trillion federal debt.
• Legal experts have raised concerns that creating a new visa category requires Congressional approval, which has not yet been secured for this initiative.
• Lutnick reported strong interest in the program, particularly from high-net-worth individuals abroad, but critics question the ethical and social implications of commodifying U.S. residency.