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US Overhauls Immigration:
Summary generated with AI, editor-reviewed
Heartspace News Desk
•Source: Reuters, Forbes
Photo by EqualStock on Unsplash
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Key takeaways
- **Trump Administration Implements Significant Immigration Policy Overhaul, Including New H-1B Fees and "Gold Card" Program** According to reports from Reuters and Forbes, the Trump administration has initiated a comprehensive reform of U
- Key changes include the introduction of a substantial new annual fee for H-1B temporary work visas and the establishment of a "residency-by-investment" program, referred to as the "Trump Gold Card
- " These measures are part of a broader immigration enforcement strategy expected to have a significant impact on the technology sector
**Trump Administration Implements Significant Immigration Policy Overhaul, Including New H-1B Fees and "Gold Card" Program**
According to reports from Reuters and Forbes, the Trump administration has initiated a comprehensive reform of U.S. immigration policy. Key changes include the introduction of a substantial new annual fee for H-1B temporary work visas and the establishment of a "residency-by-investment" program, referred to as the "Trump Gold Card." These measures are part of a broader immigration enforcement strategy expected to have a significant impact on the technology sector.
Under the new H-1B visa regulations, companies will now face an annual fee of $100,000 per H-1B worker. Commerce Secretary Howard Lutnick explained the policy's objective as "Train Americans. Stop bringing in people to take our jobs." Major technology companies such as Microsoft, JPMorgan, and Amazon have already informed their H-1B employees about this revised fee structure, which is set to become effective at midnight on Saturday.
In parallel, a "Trump Gold Card" program, established through an Executive Order and detailed by Forbes, offers lawful permanent resident status for an investment of $1 million. A higher-tier option, priced at $5 million, allows cardholders to reside in the U.S. for up to 270 days without incurring U.S. taxation on income earned outside the United States. Commerce Secretary Lutnick announced that this initiative aims to generate over $100 billion for the U.S. Treasury. Approved applicants will obtain their status through the EB-1 or EB-2 visa categories, typically reserved for individuals demonstrating "extraordinary ability." Reports suggest the concept for this program originated from discussions between former President Donald Trump and financier John Paulson, prompting debate regarding the fairness of an immigration system based on financial contribution.
Related Topics
H-1B visaTrump Gold CardImmigration policyResidency by investmentTechnology sectorCorporate immigrationPermanent residency
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