The Gold Card visa program, introduced by former President Donald Trump, allows foreign nationals to obtain residency in the United States by paying $1 million. However, as of now, only one application has been approved, despite earlier claims of substantial demand. Commerce Secretary Howard Lutnick stated that while hundreds of applications are in process, the program has faced scrutiny regarding its effectiveness. The Gold Card is positioned as a fast-track alternative to the EB-5 Immigrant Investor Program, which required investments that create jobs. Applicants also incur a $15,000 processing fee, and companies can sponsor employees for $2 million. Critics argue that the program does not alleviate existing green card backlogs and may face legal challenges due to its lack of Congressional authorization. Immigration lawyers have expressed concerns about compliance risks and the non-refundable nature of the payment, advising potential applicants to reconsider their investment. The program's long-term viability remains uncertain as it continues to evolve.