Trump's $1 million visa granted to just 1 person so far, Lutnick says

Associated Press Associated Press —

President Donald Trump's “gold card” visa program, which allows foreigners to live and work in the U.S. for at least $1 million, has approved just one person since December, Commerce Secretary Howard Lutnick announced this Thursday.

Trump introduced the idea last year, initially suggesting a $5 million cost to attract foreign talent and boost federal funds.

The program replaces the EB-5 visa, which required a $1 million investment in a company with at least 10 employees.

Lutnick noted hundreds are in the queue and praised the program's rigorous vetting process.

The initiative is managed by Homeland Security.

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