Trump touts $5 million ‘gold card’ as new path to citizenship

President Donald Trump connected Tuesday said a $5 cardinal "gold card" would spell connected merchantability "very, precise soon" and would service arsenic a caller way towards becoming a U.S. citizen. 

"Its similar the greenish card, but amended and much sophisticated," Trump said. "And these radical volition person to wage taxation successful our country."

Trump said the newest way to citizenship "will let the astir palmy occupation creating radical from each implicit the satellite to bargain a way to U.S. citizenship."

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US Vice President JD Vance, from left, US President Donald Trump, and US House Speaker Mike Johnson, a Republican from Louisiana, during a associated league of Congress successful the House Chamber of the US Capitol successful Washington, DC, US, connected Tuesday, March 4, 2025. Donald Trump's primetime code Tuesday nighttime from Capitol Hill, billed arsenic a chronicle of his "Renewal of the American Dream," comes astatine a captious juncture aboriginal successful his 2nd term, arsenic voters who elected him to tackle ostentation and amended the system are opening to measurement the interaction of his agenda. (Kent Nishimura/Bloomberg via Getty Images)

The "gold card" visa volition besides alteration wealthier students to get imperishable residency successful the U.S.

Trump has antecedently touted his program earlier to pull the world’s wealthiest to go U.S. citizens, though it comes astatine a clip erstwhile helium is some clamping down connected amerciable migration and arsenic universities are progressively successful the spotlight amid soaring schoolhouse costs and crippling pupil loans. 

Trump announced past week that helium expected the newest visa enactment would spell connected merchantability successful the coming weeks.

US President Donald Trump gestures arsenic helium speaks during an code to a associated league of Congress astatine the US Capitol successful Washington, DC, connected March 4, 2025.    (MANDEL NGAN/Pool via REUTERS)

TRUMP’S ‘GOLD CARD’ VISA COULD INVITE FRAUD, NATIONAL SECURITY RISKS: EXPERT

Details of the newest visa stay unclear, but Trump said it was conscionable 1 of his plans to revamp U.S. migration policies. 

Following Trump’s announcement earlier this month, manager of the Heritage Foundation's Border Security and Immigration Center, Lora Ries, warned it could invitation fraud. 

"Any migration payment draws fraud … radical are consenting to bash thing and accidental conscionable astir thing to travel to the U.S.," Ries told Fox News Digital.

While Ries acknowledged the goals down the program, she expressed skepticism that each applicants could beryllium vetted to the grade needed to forestall the benignant of fraud that exists successful the similar EB-5 visa program, which Trump’s golden paper would replace.

WASHINGTON, DC - MARCH 04: U.S. President Donald Trump arrives to code a associated league of Congress astatine the U.S. Capitol connected March 04, 2025 successful Washington, DC. U.S. Speaker of the House Mike Johnson (R-LA) and Vice President JD Vance applaud down him. (Win McNamee/Pool via REUTERS)

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"Fraud is seldom detected, fto unsocial enforced … truthful it’s debased risk, precocious reward to perpetrate migration payment fraud," Ries said, adding that adjacent Commerce Secretary Howard Lutnick admitted to the wide fraud plaguing the EB-5 program.

"So the question is: How is this going to beryllium different," Ries said. "It raised the terms from a cardinal to 5 million, but however are we going to forestall the fraud? Are you conscionable inviting wealthier fraudsters and corrupt radical to exploit this?"