US EditionNo Fast Lane For The Rich? Lawyers Say Trump's $5 Million 'Gold Card' Visa Can't Fly Without New Law
UNITED STATES, JUL 7 – Trump’s $5 million visa aims to raise $1 trillion by issuing 200,000 cards but faces legal barriers as Congress has not approved changes in 35 years, experts say.
- President Donald Trump’s $5 million Gold Card visa may never launch, as experts doubt its feasibility despite ongoing hype and no legislative progress.
- Congress holds exclusive authority to change visa laws, yet no legislation has been introduced, and Republican leaders show no support for the program.
- Despite hype, no visa applications arrived by June, though 70,000 signed up after Trump displayed a gold prototype in April.
- Immigration attorneys warn clients to avoid the Gold Card, citing no lawful basis and predicting lawsuits if implemented, with Rand stating 'they’re going to get sued.'
- Experts doubt the $5 million Gold Card visa will launch, despite claims it could generate up to $1 trillion for the U.S. Treasury with millions of applicants, but no legislation has been introduced.
12 Articles
12 Articles
Trump’s $5-million 'gold card' visa might never happen
Since February, the Trump administration has been touting a $5-million visa to wealthy foreigners to get into the United States with lofty promises of an immediate rollout. Aboard Air Force One in April, President Donald Trump flashed a laminated, golden prototype to reporters and announced that it would become available "in about less than two weeks," while the White House launched a website in June to sign people up to join a waiting list.
Trump’s $5 million ‘gold card’ visa might never happen - The Boston Globe
President Trump and his aides have exaggerated the likelihood that such a program can be implemented under current law, and they have made no effort to introduce legislation to make it happen.
Why Donald Trump's ambitious ‘Gold card’ scheme may never become reality
US President Donald Trumps’ ‘Gold card’ scheme is thought to be a replacement for the US’ EB-5 visa scheme. Under that programme, those who invest $1.8 million (Rs 15 crore) in America are given a pathway to citizenship. Trump and his surrogates have claimed that as many as 1 million people could buy the card and that the money could go towards paying down the national debt. So, what’s the issue?
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