What do you know about the Trump visa wants to replace it with a golden card

President Donald Trump It continues to press a “gold card” visa that allows foreign citizens to buy their way to the United States, to replace the controversial visa plan that has been exposed for years due to concerns about possible abuse by China.

Trump once again described his gold card plan, which would allow people to purchase a citizen’s road at $ 5 million, in “Future on Sunday morning”.

“I think Apple and all of these companies that cannot make people come out of the college and come because they are being thrown, and I think about it, and I graduated number one at Wharton School for Finance, Harvard or Stanford, and that you expel them from the country. Now they cannot buy a gold card. Trump said on Sunday.

He said: “You will have a lot of companies that buy gold cards. So far for $ 5 million, it is a lot of money when adding it, if we sell a lot of them, described it later as a” green card on doping. “

Trump tells 5 million dollars a “gold card” as a new pathway for citizenship

Maria Bartopiromo Trump asked about fears that the Chinese might take advantage of her.

“They may be, and perhaps, but they do not have to do so. They can do this in other ways,” Trump said.

The visa will replace the EB-5 investor visa program. This program was created in the 1990s, and it usually requires an investment of one million dollars, but this may reach $ 500,000 in areas classified as high poverty, and at least 10 jobs.

There were failed efforts to reform the program in both Obama and Trump departments, amid fears that the program had been used by the Chinese Communist Party.

“Although the goal of the EB-5 program of stimulating the investment of capital and creating job opportunities in the United States is worthy of praise, it has become clear in recent years that CCP may offend the use of the program to reach the American permanent residence of its members,” said Republicans in the Judicial Committee in the House of Representatives in 2020.

Trump announces that “America has returned” to speak before Congress

They pointed to statistics showing that between 2012 and 2018, nearly 80 % of 10,000 visas went to Chinese -born investors and that the majority of investors in accumulation were Chinese.

It also included the establishment of “regional centers” that collected visa funds and funded significant investments throughout the country. Although it aims to enhance growth in poor or rural areas, regional maps fee has been used around poor pockets to pump money into luxury projects in places such as New York City and San Francisco.

An attempt by the two parties to reform the program was banned in 2021 and the program was allowed to be funded. It was later It was revived in 2022 With the repairs made by Sens. Chuck Grassley, R-Yowa and Patrick Lehy, D-VT.

Reforms aim to address fraud, which included audit, background checks, and site visits to EB-5 projects, as well as more strict definitions of terms such as “capital” to prevent abuse. It also increased the necessary financing level for high poverty areas to 800,000 dollars. Of the 10,000 EB-5S available each year, 2000 rural or high poverty areas will be allocated.

The rulings also include the increase in the powers of the Ministry of Internal Security (DHS) to examine foreign capital to ensure their sources legally, and requires foreign agents and third -party promoters for the program to register in the Ministry of National Security.

Click here for more immigration coverage

However, the EB-5 still draws criticism, as some hawks say that it has not resolved the basic issues with the program. Trade Minister Howard Lootnick recently described the program as “bad supervisory, which was badly executed.”

Laura Reese, director of the Border Security and Immigration Center at the Heritage Corporation, shared concerns about EB-5.

“With any use of migration in America, if you offer it, it will come, and they often seek or use the benefit in a fraudulent manner. The EB-5 investor visa program is not an exception, as the Minister of Trade Lottenic said. Examples of fraud that the program sees includes demands for creating wrong job opportunities, false projects, and hierarchical investment plans,” she said.

Click here to get the Fox News app

She said: “Foreigners look at fraud on the benefit of immigration as low risk, and a high reward because it is rarely investigated, not to mention it.

She added: “It is important to scrutinize the current accumulation operations to defraud the benefit of immigration, reject these cases, and deport foreign applicants, which helps to achieve the priority of management – collective deportation.”