Trump Targets EB-5 Fraud: New Gold Card System
Submitted by MAGA
Posted 6 hours ago
**Fraudulent Visa System on Notice: Trump Moves to End EB-5 Program**
In a bold move signaling a shift toward a more stringent immigration policy, President Donald J. Trump announced the imminent termination of the EB-5 visa program, which he described as being exploited by foreign nationals seeking a quick path to U.S. residency through fraudulent means.
During a press conference in the Oval Office, Trump, alongside newly appointed Commerce Secretary Howard Lutnick, unveiled plans to replace the EB-5 program with a new initiative dubbed the "Gold Card" system.
Under the proposed changes, foreign applicants will face a stricter vetting process and will be required to make a substantial financial contribution—initially suggested to be $5 million—directed to the U.S. Treasury to assist in reducing the national debt.
Trump emphasized the importance of ensuring that any new system prioritizes American workers and investments that contribute positively to the nation's economy. "It’s time to put America first and stop the rampant abuse of our immigration system," he remarked.
Commerce Secretary Lutnick echoed Trump's sentiments, critiquing the previous EB-5 program as "full of nonsense, make-believe, and fraud." He asserted that the outgoing program allowed foreign investors to essentially buy their way into America without any genuine commitment to creating jobs or contributing to society.
The announcement comes in the wake of longstanding concerns within Trump's base regarding the exploitation of U.S. visa programs. The previous visa system's structure prompted debates about its vulnerabilities, particularly surrounding the H-1B work visa program, which many argue undermines American job opportunities.
Critics on the left may portray Trump’s announcement as controversial, but for many Americans advocating for stronger immigration policies and job protections, it is a welcomed step towards ensuring that immigration boosts, rather than burdens, the economy.
As the new administration sets forth on its agenda aimed at reforming immigration, it becomes increasingly clear that President Trump remains steadfast in his commitment to safeguarding American interests and promoting an immigration system that works in favor of U.S. citizens.
Sources:
thenationalpulse.com
infowars.com
infowars.com
In a bold move signaling a shift toward a more stringent immigration policy, President Donald J. Trump announced the imminent termination of the EB-5 visa program, which he described as being exploited by foreign nationals seeking a quick path to U.S. residency through fraudulent means.
During a press conference in the Oval Office, Trump, alongside newly appointed Commerce Secretary Howard Lutnick, unveiled plans to replace the EB-5 program with a new initiative dubbed the "Gold Card" system.
Under the proposed changes, foreign applicants will face a stricter vetting process and will be required to make a substantial financial contribution—initially suggested to be $5 million—directed to the U.S. Treasury to assist in reducing the national debt.
Trump emphasized the importance of ensuring that any new system prioritizes American workers and investments that contribute positively to the nation's economy. "It’s time to put America first and stop the rampant abuse of our immigration system," he remarked.
Commerce Secretary Lutnick echoed Trump's sentiments, critiquing the previous EB-5 program as "full of nonsense, make-believe, and fraud." He asserted that the outgoing program allowed foreign investors to essentially buy their way into America without any genuine commitment to creating jobs or contributing to society.
The announcement comes in the wake of longstanding concerns within Trump's base regarding the exploitation of U.S. visa programs. The previous visa system's structure prompted debates about its vulnerabilities, particularly surrounding the H-1B work visa program, which many argue undermines American job opportunities.
Critics on the left may portray Trump’s announcement as controversial, but for many Americans advocating for stronger immigration policies and job protections, it is a welcomed step towards ensuring that immigration boosts, rather than burdens, the economy.
As the new administration sets forth on its agenda aimed at reforming immigration, it becomes increasingly clear that President Trump remains steadfast in his commitment to safeguarding American interests and promoting an immigration system that works in favor of U.S. citizens.
Sources:
thenationalpulse.com
infowars.com
infowars.com
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