The “Trump Card” is a $5 million visa that would grant foreign nationals the right to live and work permanently in the U.S.

Such a program would be similar to the existing EB-5 visa program, which the U.S. began in 1990 to encourage job creation by foreign investors. That program requires a $1.8 million investment from foreign nationals, and that they plan to create or preserve 10 permanent full-time jobs for qualified U.S. workers.

Lutnick has said the “gold card” system would replace the EB-5 visa program. Lutnick emphasized that all applicants would receive thorough vetting, and suggested the proceeds of the program could go toward reducing the national debt.