Overview

• Commerce Secretary Howard Lutnick announced that the TrumpCard.gov website will go live within days, enabling registrations for the $5 million 'gold card' visa program.
• The program, introduced by President Trump in February, seeks to replace the EB-5 investor visa with a pathway to U.S. permanent residency and citizenship for high-net-worth individuals.
• The administration projects the program could generate up to $1 trillion in federal revenue if 200,000 individuals purchase the visa, helping to address the national debt.
• Immigration law experts caution that the proposal requires Congressional authorization to establish a new visa category, raising questions about its legal viability.
• Lutnick reported strong interest in the program, particularly from international investors, but critics highlight concerns over prioritizing wealth over merit-based immigration.