Foreign nationals with $5 million to spare will be able to register for a "gold card" visa that would give them the right to live and work in the U.S. But details about the program remain unclear.

Trump touts the program as a "once in a lifetime opportunity," though it comes with a required $5 million payment to the U.S. government.

That'll be nice, so we'll see." Typically, the number of annual applicants for EB-5 visas is far lower than what Mr. Trump projects for the gold card. About 8,000 people obtained investor visas in ...

current law imposes limits on green cards such as the number of cards that can be issued in the EB-5 program that Trump ultimately wants to replace, as well as the price and conditions for making ...