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Trump sees 'a thirst' for his 'gold card' visa idea with $5 million potential path to US citizenship
National

Trump sees 'a thirst' for his 'gold card' visa idea with $5 million potential path to US citizenship

  • By ELLIOT SPAGAT and WILL WEISSERT Associated Press

President Donald Trump says he plans to offer a "gold card" visa with a path to citizenship for $5 million, replacing a 35-year-old visa for investors. Commerce Secretary Howard Lutnick said Tuesday the Trump Gold Card would replace EB-5 visas in two weeks. EB-5s were created by Congress in 1990 to generate foreign investment and are available to people who spend about $1 million on a company that employs at least 10 people. Lutnick says the Republican president's gold card would raise the price of admission for investors and eliminate fraud. The gold card is actually a green card, or permanent legal residency.