Pay to Remain? Trump Offers Foreigners Seeking U.S. Residency $5 Million for U.S. “Gold Cards”

Donald Trump has unveiled a new immigration plan that would let affluent foreigners to spend $5 million on a special “Gold Card” that would grant them U.S. residence in exchange for creating jobs in the nation.

Trump asserted during his Tuesday speech that the program is lawful and could be put into effect in the coming two weeks. By promoting job creation, he said, the program aims to increase foreign investment and strengthen the American economy.

But among the most contentious parts of Trump’s remarks was his admission that Russian oligarchs might be eligible for the program. The prospect of selling residency to the highest bidder is expected to provoke discussion about national security issues and the wider ramifications of this, especially in light of the ongoing tensions between the United States and Russia.

Uncertainty surrounds the specifics of the planned “Gold Card,” such as how job creation would be confirmed and if applicants would be subject to further screening.