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Senior Republican eyes congressional role in Trump’s ‘gold card’ visas

  • The Trump administration plans to launch a gold card visa program for $5 million each, as announced by President Donald Trump during a news conference on February 25, 2025.
  • Commerce Secretary Howard Lutnick claimed the program will merge ideas with the EB-5 visa for immigrant investors, selling 1,000 cards in one day, equating to $5 billion.
  • Senator John Cornyn, R-Texas, stated they are working on legislation to enhance the gold card plan, calling it the ultimate merit-based immigration initiative.
  • The gold card visa aims to replace the existing EB-5 visa, raising the investment requirement for U.S. Citizenship from $1 million to $5 million, as confirmed by Trump officials.
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Semafor broke the news in New York, United States on Wednesday, March 26, 2025.
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