U.S. President Donald Trump announced that he will replace the visa program for foreign investors with a "golden card" priced at $5 million for obtaining American citizenship. This was reported by Reuters, as noted by UNN.
Details
The publication highlights that Trump aims to eliminate the EB-5 program, which allowed individuals to obtain the so-called "golden card" by investing in the U.S. and creating new jobs. Similar to the well-known "green card," this offers residency in America with the prospect of quick citizenship acquisition.
Trump intends to sell "golden cards" for a fixed amount, which, in the president's view, should be set at 5 million dollars. This way, he hopes to "invite wealthy individuals to the U.S. who will gain citizenship."
When asked by reporters if Russian oligarchs could take advantage of such a scheme, Trump responded affirmatively. He added that he "knows some Russian tycoons who are very nice people."
Reminder
Attorneys General from 22 states have filed a lawsuit to block President Donald Trump's move to end a century-old immigration practice known as birthright citizenship.
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