President Donald Trump proposed in February a "gold card" visa program, which he said would offer permanent residency for a price of $5 million. But despite criticism from some experts who warned of the possibility that the administration's cozying with oligarchs able to make the payment, this isn't the first time a visa of this nature has floated around the immigration sphere.
The proposed new program would allow "very high-level people" a new "route to citizenship," Trump said. The new gold card would replace the EB-5 visa program, which similarly provides a pathway to citizenship for wealthy investor types but has also been criticized, in this case as an avenue for fraud.
