Overview

• Commerce Secretary Howard Lutnick confirmed the trumpcard.gov website will go live within a week, allowing wealthy individuals to register interest in the $5 million 'Gold Card' visa program.
• The program, announced by Donald Trump in February, aims to replace the EB-5 visa and offers green card privileges and a route to citizenship in exchange for a $5 million investment.
• Lutnick positioned the initiative as a potential solution to U.S. debt, citing projections that selling 200,000 cards could generate $1 trillion in revenue.
• Critics, including immigration law experts, argue that creating a new visa category without congressional approval raises significant legal concerns.
• The administration has reported strong international interest, with Lutnick claiming wealthy individuals, particularly in the Middle East, are eager to participate.