The Trump administration has launched a premium immigration programme targeting wealthy individuals worldwide, offering permanent residency in the United States through expensive 'Gold Cards' that could generate billions in revenue for the American Treasury.
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This employment-based backlog is projected to double by fiscal 2030. The back log exists because the number of foreign workers whom US employers sponsor for Green Cards each year exceeds the annual statutory Green Card allocation. In addition to this numerical limit, a statutory seven per cent per-country ceiling prevents the monopolisation of employment-based Green Cards by a few countries.
A Green Card, known officially as a permanent resident card, is a document issued to immigrants as evidence that the bearer has been granted the privilege of residing permanently in the US.
Trump, however, said that the move will not have any impact on those entering the country on a temporary basis.
The bill, however, has to be passed by the Senate, wherein the Republicans enjoy a majority, before it can be signed into law by the US President Donald Trump.
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