President Trump To Replace Fraudulent EB5 Investor Visa With 5 Million Dollar Golden Visa Program

Posted • February 27, 2025: President Trump and Commerce Secretary Howard Lutnick raised some eyebrows during the Administration's first official cabinet meeting. It was announced that the EB5 'Investor Visa' program will be replaced by what President Trump calls the 'Gold Card.' Under the current EB5 system, an applicant must invest a million dollars in a business that creates at least 10 jobs. In return, the applicant receives a Green Card, which provides permanent residency status. The 'Gold Card' would require the applicant to pay 5 million dollars. In return, the approved applicant would receive a 'Green Card Plus,' including a path to citizenship. Commerce Secretary Howard Lutnick explains further. https://video.twimg.com/ext_tw_video/1894797923713429504/pu/vid/avc1/1280x720/CJ2uazXQaSe8iaIZ.mp4 —— There are currently two hundred and fifty thousand people on the EB5 waiting list, and the administration believes it can raise trillions to pay down the national debt. (…)

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https://twitchy.com/eric-v/2025/02/27/president-trump-to-replace-eb5-investor-visa-with-5-million-dollar-golden-visa-program-n2409029