Overview

• The 'Gold Card' visa program would grant U.S. residency and green card privileges to foreign nationals investing $5 million in American businesses.
• Donald Trump claims the program could generate $5 trillion if one million visas are sold, with revenue directed toward reducing the national debt.
• The proposal is intended to replace the EB-5 visa, which has been criticized for inefficiency and fraud, but requires Congressional approval to proceed.
• Critics argue the initiative prioritizes wealth over merit and raises concerns about fairness, feasibility, and the potential for abuse.
• Trump has suggested renaming the program the 'Trump Card' for marketability and promises strict vetting to prevent misuse, with refunds and deportation for unsuitable applicants.