The Trump administration launched a new website on Thursday aimed at attracting foreign nationals to apply for a fast-track to U.S. citizenship — if they have gobs of cash.
He has said it would provide permanent residency status, similar to a green card.
“Wealthy people will be coming into our country by buying this card,” Trump said in February. “They’ll be wealthy and they’ll be successful and they’ll be spending a lot of money and paying a lot of taxes and employing a lot of people. And we think it’s going to be extremely successful.”
Commerce Secretary Howard Lutnick said at the time the program was intended to replace the EB-5 visa, a similar route to citizenship for foreign investors who invest at least $500,000 and generate at least 10 jobs . Eliminating that visa program might require Congress to sign off on it since it was renewed in 2022.
Details of the so-called gold card program remain scarce, and it still may face legal challenges.
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