Overview

• The Gold Card remains unlaunched despite a June waitlist website drawing more than 70,000 registrations.
• Legal experts say the president cannot unilaterally create or replace visa categories under existing law, exposing the initiative to inevitable court challenges.
• No bill has been introduced in Congress to authorize the Gold Card visa or amend the EB-5 investor program it aims to supplant.
• Treasury Secretary Howard Lutnick projected that selling 200,000 cards could raise up to $1 trillion, but those figures rest on an unapproved proposal.
• Immigration lawyers caution clients against pursuing the uncertain pathway until statutory authority and clear eligibility criteria are established.