Trump’s ‘gold card’ can work ‘in theory’: Immigration attorney
Share and Follow


() A San Diego-based immigration attorney tells that President Donald Trump’s idea for a U.S. investor visa “gold card” could work because it would function much like the existing EB5 investor visa.

“In theory, it can really work because the EB5 program works,” said Saman Nasseri. “Now, this will just expand on it and bring bigger businesses, bigger people.”

While Trump said the new system has “never been done before, anything like this,” the broad strokes of what was announced sound similar to the existing EB5 investor program, albeit with a higher price tag.

Trump said he’d like the gold card rolled out within two weeks. It’s an estimate Nasseri says isn’t impossible but has hurdles.

“It is possible that this could start in two weeks and get it going,” he said. “But it all kind of comes down to what that vetting process looks like. The biggest thing with the EB5 process is the source of the funds. Where’s the money going, and is it creating jobs?”

The current program requires would-be investors to invest a little over $1 million and create at least 10 jobs, and it also puts investors on a pathway to a green card and later citizenship.

It’s unclear, however, whether Trump can end the EB5 program without Congress’ blessing, as the investor program was just reauthorized in 2022.

affiliate The Hill contributed to this report.

Share and Follow
You May Also Like

Federal DC Takeover: Black Mayors Highlight Significant Reductions in Violent Crimes in Cities Criticized by President Donald Trump as ‘Lawless’

As President Donald Trump declared Washington, D.C. a crime-ridden wasteland in need…

Madonna Celebrates Her 67th Birthday at the World’s Wildest Horse Race

With riders racing without saddles and even resorting to whipping each other…

California Democrats Race Against the Clock to Achieve Redistricting Reform

SACRAMENTO, Calif. (AP) — California Democrats are making a partisan push to…

The Most Dangerous Cities in the US Share One Key Factor

The five most dangerous cities in the United States have been revealed…

US envoy nears Lebanon-Israel ceasefire that would disarm Hezbollah terror group

NEWYou can now listen to Fox News articles! Tom Barrack, the U.S.…

Grassroots push for freedom grows in Gaza as Hamas tightens its deadly grip

NEWYou can now listen to Fox News articles! Palestinians, according to Abusada,…

Ukraine Warns Russian ‘Fakery’ Tactics May Be Self-Destructive

Ukraine has accused Russia of orchestrating deceptive operations to exaggerate their territorial…

Zelensky Stands Firm Against Trump’s Peace Terms

Ukrainian President Volodymyr Zelensky seems to have preemptively dismissed President Donald Trump’s…