Wed Feb 26 01:32:21 UTC 2025: ## Trump Proposes $5 Million “Gold Card” to Replace EB-5 Visa Program

**Washington D.C.** – President Trump announced plans to replace the EB-5 immigrant investor visa program with a new “gold card” system, offering a path to citizenship for a $5 million price tag. The proposal, details of which are expected in two weeks, would eliminate the existing EB-5 program, which grants green cards to foreign investors who create or preserve U.S. jobs.

Trump characterized the EB-5 program as riddled with “nonsense, make-believe, and fraud,” claiming the new system will be a more straightforward route to citizenship for wealthy individuals. He stated that the $5 million gold card would grant green card privileges and a pathway to U.S. citizenship.

When asked about the potential for Russian oligarchs to qualify, Trump responded affirmatively, stating, “Yeah, possibly. Hey, I know some Russian oligarchs that are very nice people.”

Commerce Secretary Howard Lutnick echoed the President’s sentiments, stating the new program will replace the “ridiculous” EB-5 system. The current EB-5 program, established in 1990, aims to stimulate the U.S. economy through foreign investment and job creation. The proposed gold card system represents a significant shift in the nation’s immigration policy, raising questions about its potential impact on both the economy and the integrity of the immigration process.

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