Several high-profile cases of fraud and misuse of funds had plagued EB-5 for years, but Congress tightened oversight of the program significantly when it was reauthorized through bipartisan legislation in 2022.

President Trump touted his new gold card—for wealthy foreigners who want U.S. resident status in exchange for $5 million. “It’s like a green card but better, more sophisticated,” he said. Trump played salesman-in-chief saying the new immigration program “goes on sale very,

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President Donald Trump said the US would be selling what he described as a “gold card” to wealthy foreigners, giving them the right to live and work in the US and offering a path to citizenship in exchange for a $5 million fee.

President Donald Trump talked about the development of a gold card, which would allow foreigners to buy a pathway to U.S. citizenship for $5 million. He went on to compare it to a green card saying the gold card is "more sophisticated.

Donald Trump has boasted of selling US residency to wealthy foreigners through an around $5 million "Gold Card" from as early as March, but immigration experts say the planned visa