The Gold Card
Headline: Establishes Gold Card Visa Program for Immigrants Donating Millions
What it does: Agencies must establish and operate a Gold Card visa program granting expedited immigrant visas for applicants who make the specified monetary gifts.
- Allows expedited visa eligibility for individuals donating $1,000,000 or corporations donating $2,000,000.
- Creates a Treasury-held Commerce fund to promote American commerce and industry.
- Requires expedited-processing, administrative, maintenance, and transfer fees for the program.
Summary
This order creates a new "Gold Card" visa program that lets immigrants qualify for expedited immigrant visas by making large, unrestricted financial gifts to the Department of Commerce.
The program is to be set up by the Department of Commerce working with the State Department and immigration officials, and requires $1 million gifts from individuals or $2 million from corporations sponsoring an applicant.
Gifts will be held in a Treasury fund used by Commerce to promote American commerce and industry; agencies must implement the program within 90 days.
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