A Trump Card Vision is already in immigration models

The United States government has the ability to get rid of about 1.1 million permanent cards residing in the current fiscal year, which are divided into categories for family members, advanced skills and other groups on the basis of accurate rules.

Lutnick originally suggested the Trump Gold Card as an alternative to one of these categories, known as the EB-5 investor visa, which may be the closest thing to the United States now to a golden visa.

The program created by Congress in 1990 allows nearly 10,000 foreigners to obtain a green card every year through an investment of $ 1.05 million in the United States (or 800,000 dollars in rural areas and areas with high unemployment), which supports at least 10 full -time jobs.

When the program was initially designed, experts say that the legislators made great efforts to ensure that it was not seen as a path for corrupt oligarshin to buy their way to the United States informally. Part of this effort is to ensure that immigration authorities carefully evaluate each EB-5 request to verify that investment funds do not come from illegal or illegal sources.

“There is a full unit in USCis full of economists and national security experts” who are reviewing EB-5 requests, “says Doug Rand, a former USCis adviser under Biden management. During his time in the government, Rand says, there was a lot of paperwork associated with EB-5 petitions so that the tall chimneys of files caused the word decline inside the USCIS headquarters.

It is not clear whether the same level will be applied to check the gold card program. When he was asked during the briefing of February if the Russian oligarsh would be eligible, Trump said, “Yes, perhaps, hey, I know some Russian oligarshin who are very kind people.”

Defenders of the current EB-5 program say that it was mostly used by ordinary immigrants who have provided years to invest in American real estate developments and other companies, and expect their money to be recovered one day. In other words, it is not a group of people who can usually pay $ 5 million for a gold card and do not see this money again.

“Most people who try to benefit from EB-5 as a way to the green card and citizenship do not have this type of money,” says Brad Sher, CEO of EB5 Group, an investment company specialized in collecting money for real estate projects. “They are mostly a working class who work hard to save their money, and most often use their savings to reach investment amounts to benefit from EB-5.” (Sher adds that he supports the Trump Gold Card, although he hopes to coexist with the EB-5 visa).

During the first oval office on February 25, Lootnick said that the gold card initiative would be launched within about two weeks. During the podcast interview, which was released a month after March 20, he also claimed that the project was just around the corner. “After about two weeks of the day, he comes out,” Lottenic said. Whether it is already ready, and if so, it will be announced, it is still unknown.

Additional reports by Matt Gayls and Ziyi Yang.