Commerce Secretary Howard Lutnick offered some information about a new Trump administration project to sell "gold/green cards" for $5 million dollars, which would entitle wealthy foreigners to buy legal status and eventually citizenship in the U.

WASHINGTON — President Trump announced Tuesday that the US government will soon begin selling $5 million “gold cards” that convey green-card residency status and a path to citizenship for foreigners — predicting 1 million cards will be sold and that the initiative could quickly pay down the national debt.

President Donald Trump announced a new path to U.S. citizenship: a pricey gold card. The U.S. is going to “sell” gold cards for $5 million, Trump announced in the Oval Office Tuesday. At such a critical moment in US history, we need reporters on the ground. Your donation allows us to keep sending journalists to speak to both sides of the story.

Commerce Secretary Howard Lutnick said Wednesday that 250,000 are waiting to get one of President Trump’s “gold cards,” which the president pitched as a replacement for the EB5

President Trump is floating the idea of a new "gold card" visa that would be sold to wealthy foreigners for $5 million.

Trump told reporters the card would come with green card privileges and create a route to U.S. citizenship for wealthy people.

Trump and Commerce Secretary Howard Lutnick told reporters Tuesday that the administration plans to offer a “gold card” that would confer legal residency to foreigners at a cost of about $5 million. They said it would replace an existing U.S. visa program for overseas investors that’s long been mired in controversy.

US President Donald Trump has announced that the United States will introduce a "gold card" programme, which is a special permit for residence and work, with an additional pathway to citizenship for US$5 million.

A new immigration program in the coming weeks would provide a path to citizenship for wealthy immigrants at a price of $5 million.

Secretary of Commerce Howard Lutnick defended President Donald Trump ’s proposed “gold card” visa program, touting that there were already “250,000 waiting in line” for the visa pathway that the gold card program could soon replace.

Commerce Secretary Howard Lutnick told reporters in the Oval Office that the ... “We’re going to be selling a gold card. You have a green card. This is a gold card. We’re going to be putting a price on that card of about $5 million and that’s ...

“You have a green card, this is a gold card,” Trump told reporters in the Oval Office Tuesday. Permanent residents who are not citizens in the US are known as “green card” holders. “It’s going to give you green card privileges plus it’s going to be a route to (American) citizenship,” the president added.