ME News reports that on April 25 (UTC+8), U.S. Secretary of Commerce Howard Lutnick confirmed during a congressional hearing that, to date, only one applicant has been approved under the Trump administration’s “Gold Card” visa program. Designed as an alternative to the traditional EB-5 investment immigration program, the Gold Card requires foreign nationals to pay at least $1 million to obtain legal residency, work authorization, and a pathway to U.S. citizenship. Notably, Lutnick previously publicly claimed that the program had sold $1.3 billion worth of slots and projected it could generate $1 trillion in revenue to help reduce the U.S. budget deficit. However, during this hearing, he acknowledged that only one person has been formally approved so far, with several hundred other applicants currently under review. (Source: PANews)
Trump’s Gold Card Visa Project Approves Only One Applicant Despite $13 Billion Claims
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Summary
Project funding news emerged as U.S. Commerce Secretary Howard Lutnick revealed on April 25 that only one applicant has been approved under Trump’s Gold Card visa program. The initiative, which requires a $1 million investment for residency, was previously touted as having secured $13 billion in project funding. Lutnick now acknowledges just one approval, with hundreds still pending.
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