Overview

• An executive proclamation signed Friday requires employers to pay a $100,000 yearly fee for each H‑1B position, on top of full wages, according to Commerce Secretary Howard Lutnick.
• The new Trump Gold Card offers expedited processing toward residency for a $1 million individual payment or $2 million via corporate sponsorship.
• A higher‑tier Trump Platinum Card is priced at $5 million; outlets report it would allow up to 270 days in the U.S. without U.S. tax on foreign income, and some elements may require congressional approval.
• Technology employers that rely on H‑1B workers face sharply higher costs, with shares of Cognizant, Infosys, and Wipro falling more than 2% after the announcement.
• Lawyers and analysts anticipate court challenges and a rulemaking phase before changes take effect, as earlier measures such as a $250 nonimmigrant integrity fee begin Oct. 1.