Executive Order 14351 · Signed Sep 19, 2025

90 FR 46031 · Published Sep 24, 2025 · Effective on signing

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The Gold Card

immigrationinvestor visaforeign investmentfederal revenuevisa policy

Signed by President Donald Trump

The order creates a new immigrant visa pathway called the "Gold Card," allowing foreign nationals who donate $1 million to the Department of Commerce — or for whom a corporation donates $2 million — to qualify for an expedited immigrant visa overseen by the Secretary of Commerce.

It directs three Cabinet agencies to stand up the full program within 90 days and channels the donations into a dedicated Treasury fund earmarked for promoting American industry, while leaving existing statutory caps on annual immigrant visa numbers in place.

What this order does

What it orders

The order establishes the "Gold Card" immigrant visa program under the Department of Commerce. Foreign nationals who make an unrestricted $1 million gift to the Department of Commerce — or for whom a sponsoring corporation contributes $2 million — become eligible for an immigrant visa through an expedited process. The monetary gift is to be treated by the Departments of State and Homeland Security as evidence of eligibility under employment-based visa categories covering extraordinary ability, exceptional business ability, and national-interest waivers. Gifts are deposited in a dedicated Treasury fund and used by Commerce to promote commerce and American industry.

The Secretaries of Commerce, State, and Homeland Security must implement the full program within 90 days. Their implementation tasks include establishing an application and expedited adjudication process, setting the date gifts may begin to be submitted, creating a transfer mechanism allowing corporations to reassign their sponsored visa slot to a different individual, and establishing administrative and maintenance fees. Agencies are also directed to consider expanding the program to EB-5 investor visa applicants. Existing statutory limits on annual immigrant visa numbers continue to apply.

Who it affects

Wealthy foreign nationals seeking U.S. permanent residency through the new gift-based pathway; corporations or similar entities that can sponsor an individual by making a $2 million donation; and the Departments of Commerce, State, and Homeland Security, which must design and administer the program.

Why it matters

The program creates a direct financial route to a U.S. immigrant visa, bypassing the traditional labor-certification process, and makes that route available to anyone who can contribute $1 million individually or find a corporate sponsor. The gift revenue flows into a Commerce-controlled fund intended to support American industry.

What must happen and when

How the order is supposed to work

The three agencies jointly build program infrastructure within 90 days: Commerce receives and deposits gifts in a dedicated Treasury fund; State and DHS adjudicate visa petitions, treating the gift as evidence of the applicant's visa eligibility. Corporate sponsors can transfer their donated slot to a different individual if the original holder abandons status, subject to the same screening requirements. Administrative and transfer fees cover expedited processing costs. Statutory annual visa caps constrain total Gold Card volume and the order cannot override them.

Actions and deadlines

  • Establish application and expedited adjudication process for Gold Card petitions, visa issuance, and adjustment of statusWithin 90 days of signing
  • Specify the date on which applicants or sponsors may begin submitting gifts under the Gold Card programWithin 90 days of signing
  • Establish a process for corporate-sponsored Gold Card holders to abandon status and transfer the donation credit to a different individualWithin 90 days of signing
  • Establish administrative fees to cover the cost of expedited processingWithin 90 days of signing
  • Establish maintenance and transfer fees for corporations or similar entities sponsoring individualsWithin 90 days of signing
  • Consider expanding the Gold Card program to EB-5 investor visa applicants under 8 U.S.C. 1153(b)(5)Within 90 days of signing

Agencies directed to act

Department of CommerceDepartment of StateDepartment of Homeland SecurityDepartment of the Treasury

Authority and reach

Authorities cited

Article II

Constitutional grant of executive power to the President.

15 U.S.C. 1522

Authorizes the Department of Commerce to accept unrestricted monetary gifts.

8 U.S.C. 1153(b)

Sets employment-based immigrant visa preference categories, including extraordinary ability and national-interest waivers.

15 U.S.C. 1512

Defines the Department of Commerce's authority to promote American industry and commerce.

Executive Order

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Executive Order 14351: The Gold Card | EO Reporter