President Donald Trump has proposed a $5 million “Gold Card” visa to replace the EB-5 program, sparking debate over its prioritization of wealth over merit. The plan offers wealthy individuals expedited residency and citizenship.

President Donald Trump has said he does not need Congress to create so-called gold cards to offer foreign nationals a path to citizenship at the price of $5 million, but immigration policy experts and some Republican lawmakers cast doubt that a president could implement such a plan alone.

The president’s plan to offer permanent residency for $5 million would almost certainly require Congressional action.

U.S. President Donald Trump proposed a new $5 million 'gold card' visa, offering wealthy foreigners U.S. permanent residency and a path to citizenship. The new proposal would replace the current EB-5 program,