The president’s plan to offer permanent residency for $5 million would almost certainly require Congressional action.

Trump estimates that the U.S. could sell 1 million gold cards, which would give holders quick residency rights and a path to citizenship, family members included. That would bring in $5 trillion.

President Trump is floating the idea of a new "gold card" visa that would be sold to wealthy foreigners for $5 million.

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Estimates of how many millionaires could afford to buy Trump's proposed visa range from 1.5 to 3.3 million people, according to recent reports.