Trump floats $5m 'gold card' as a route to U.S. citizenship

President says EB-5 immigrant investor visa program will be replaced

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U.S. President Donald Trump believes his new gold card immigration scheme could attract oligarchs: "I know some Russian oligarchs that are very nice people," he said.  © Reuters

WASHINGTON (Reuters) -- U.S. President Donald Trump on Tuesday floated the idea of replacing a visa program for foreign investors with a so-called "gold card" that could be bought for $5 million as a route to American citizenship.

Trump told reporters he will replace the "EB-5" immigrant investor visa program, which allows foreign investors of large sums of money that create or preserve U.S. jobs to become permanent residents, with a so-called "gold card."

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