In a significant immigration policy proposal, former U.S. President Donald Trump has announced a plan to transform the existing EB-5 Immigrant Investor Visa Program into a new ‘Gold Card’ initiative. This scheme would allow wealthy foreign investors to gain U.S. citizenship by investing $5 million.

A New Pathway to U.S. Citizenship

According to international media reports, Trump aims to attract affluent immigrants by offering them an easier route to American citizenship. The Gold Card program would replace the traditional EB-5 visa, which currently grants residency to foreign investors creating jobs in the U.S.

Key Features of the Gold Card Program

The proposed Gold Card would provide the same benefits as a Green Card but with a direct path to citizenship for those willing to invest $5 million in the U.S. economy. Trump has suggested that this initiative could generate significant revenue for the government, estimating the sale of up to 1 million Gold Cards.

Economic Implications

Trump’s plan is expected to have major financial implications. If successfully implemented, the scheme could bring in $5 trillion, which could be used to reduce national debt and boost economic growth.

Controversy and Criticism

While some view this plan as a strategic move to attract high-net-worth individuals and stimulate economic investment, critics argue that it prioritizes wealth over merit. Immigration reform advocates have expressed concerns about the fairness of granting citizenship based purely on financial capability.

Conclusion

Trump’s Gold Card proposal has sparked discussions on the future of U.S. immigration policy. If executed, it could redefine investment-based immigration while raising debates on economic versus merit-based citizenship pathways.