Trump Proposes to Change EB-5 Investor Visa with “Gold Card”; Specialists Doubtful

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Experts: Trump Team Honing "Travel Ban" Chops

Jasmine Laws, Newsweek, Feb. 26, 2025

“The “Gold Card” visa program, which President Donald Trump introduced on Tuesday, may face challenges as one of these scheme is especially interesting to criminals, in accordance with Transparency Worldwide, the German NGO.  The gold visa scheme has been revoked in a lot of nations, equivalent to Cyprus and the U.Ok, over issues in regards to the sorts of individuals acquiring the visas, together with Russian oligarchs and criminals. … Steve Yale-Loehr, an Legal professional Of Counsel in Miller Mayer’s Immigration observe group and a retired immigration regulation professor for Cornell College, instructed Newsweek: “The present EB-5 inexperienced card program requires buyers to show that the supply of their funding was lawfully obtained or earned. I assume that the brand new gold card visa program would have an analogous verification requirement to forestall fraud. There are potential political issues with the proposal. Many People might oppose permitting ultrawealthy individuals to basically purchase their method into the US.”

Laura Mannweiler, US News, Feb. 26, 2025

“Trump, who known as this system “completely authorized,” confronted rapid questions on whether or not he had the authority to create this system with out the approval of Congress. Trump and Lutnick each contended they did. “We don’t want Congress as a result of we’re not doing citizenship, we’re doing the cardboard. It’s a path, it’s a path to citizenship, a really sturdy path to citizenship,” Trump stated. Migration Coverage Institute spokesperson Michelle Mittelstadt disagrees. The chief department has “important leeway” to regulate present visa packages, however not create new ones, she instructed U.S. Information. Introducing one thing just like the gold card, she argues, requires an act of Congress. “Creation of a brand new visa class, whether or not resulting in citizenship or not, requires the approval of Congress,” she says. “The gold card could be a direct path to citizenship given it will present authorized everlasting residence, which is the required predicate step earlier than making use of for U.S. citizenship.”