Trump Proposes $5 Million 'Gold Card' Visa Program

Proposed Replacement with "Gold Card" Visa

On February 25, 2025, President Trump announced plans to replace the EB-5 program with a new "Gold Card" visa. This initiative aims to attract high-net-worth individuals by offering U.S. residency and a pathway to citizenship in exchange for a $5 million investment. The administration believes this will generate substantial revenue and address national debt concerns.

Critiques and Legal Considerations

Critics argue that the EB-5 program has been susceptible to fraud and hasn't consistently met its job creation goals.However, legal experts note that abolishing the EB-5 program would require congressional approval, raising questions about the feasibility of implementing the Gold Card visa unilaterally. Current Status of EB-5 Program

Despite the proposed changes, the EB-5 program remains operational. The U.S. Citizenship and Immigration Services (USCIS) continues to process applications under the existing guidelines. Prospective investors should stay informed about legislative developments that may impact the program's future.