INSUBCONTINENT EXCLUSIVE:
President Donald Trump on Tuesday floated the concept of changing a visa program for foreign investors with a so-called gold card that might
be bought for $5 million as a route to American citizenship.Trump told press reporters he will change the EB-5 immigrant financier visa
program, which permits foreign financiers of large amounts of cash that produce or preserve U.S
jobs to end up being irreversible citizens, with a so-called gold card.The EB-5 program grants permits to immigrants promising to invest in
businesses.We are going to be selling a gold card, Trump said
We are going to be putting a rate on that card of about $5 million, he added.Its going to give you green card privileges plus its going to
be a route to (American) citizenship, and rich people would be entering into our country by buying this card, Trump said, including that
details about the scheme will come out in 2 weeks.Trump included it is possible Russian oligarchs could qualify for the gold cards, when
asked by a journalist if those people would be qualified
I understand some Russian oligarchs that are very nice people, he said.The EB-5 Immigrant Investor Program, administered by the U.S
Citizenship and Immigration Services, was produced by Congress in 1990 to stimulate the U.S
economy through task creation and capital expense by foreign investors, according to the USCIS website.The EB-5 program ..
it had plenty of nonsense, pretend and fraud, and it was a way to get a green card that was low price
The president said, rather than having this sort of absurd EB-5 program, were going to end the EB-5 program
Were going to replace it with the Trump gold card, Commerce Secretary Howard Lutnick told reporters on Tuesday.Source: Reuters-- Agencies
