Trump "gold card" site launching within a week, Lutnick says

The "gold card" website allowing people to buy U.S. permanent residency for $5 million will launch within a week, Commerce Secretary Howard Lutnick said Wednesday at an Axios Building the Future event in Washington.Why it matters: President Trump has suggested the U.S. could sell 1 million of the cards — enough to retire the national debt. Catch up quick: Trump announced the gold card in late February, offering permanent U.S. residency to anyone who shelled out the $5 million fee. It was meant to replace the EB-5 investor visa, which gives out green cards in return for a much smaller investment in the U.S. economy.Other countries have tried similar so-called golden visa programs, but wound them down after limited interest.What they're saying: Lutnick told Axios' Mike Allen the site, trumpcard.gov, would initially allow people to register their interest in buying one of the cards. "All that will come over a matter of the next weeks — not month, weeks," he said.Between the lines: Lutnick positioned the card as a safety option that also helped the U.S. fund its growing debt obligations. "Everyone I meet who's not an American is going to want to buy the card if they have the fiscal capacity," he said."This is for people who can help America pay off its debt. Why wouldn't you want a Plan B that says. God forbid something bad happens, you come to the airport in America and the person in immigration says, 'Welcome home.'"Editor's note: This story has been updated with comments by Lutnick.

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