BY C STONE | STONE NEWS NETWORK
Source: Reuters
President Trump is considering replacing the visa program for foreign investors with a gold-card that can be purchased for $5,000,000.
This would replace the EB-5 immigrant investor visa program, that allows foreign investors of large amounts of money that create or preserve U.S. jobs - to become permanent citizens.
When asked if Russian oligarchs could acquire the $5M USD gold card, Trump said: "Yeah, possibly. Hey. I know some Russian oligarchs that are very nice people."
"It's going to give you green card privileges plus its going to be a route to (American) citizenship, and wealthy people would be coming into our country by buying this card," Trump said.
More details will arrive within two weeks.
"The EB-5 program ... it was full of nonsense, make believe and fraud, and it was a way to get a green card that was low price. So the president said, rather than having this sort of ridiculous EB-5 program, we're going to end the EB-5 program. We're going to replace it with the Trump gold card," Commerce Secretary Howard Lutnick told reporters.
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