Howard Lutnick: “So the President said, rather than having this sort of ridiculous EB-5…”

On the recordFebruary 25, 2025

So the President said, rather than having this sort of ridiculous EB-5 program, we're going to end the EB-5 program.

Said by

Howard Lutnick

Source

Lutnick explains the decision to replace the EB-5 visa with the gold card.

More from Howard Lutnick

Jul 20, 2025

That's opportunity that President Trump is bringing.

Jul 24, 2025

And those decisions are coming very soon, so let's see what the Chinese do. They've got to approve it. The deal is over to them right now.

Jul 27, 2026

President Trump has made clear that unfair trade practices will not decide the future of American aluminum,

Aug 9, 2026

We’re setting prices so that the Chinese can’t dump any more, and we’re setting tariffs to say build it here.

Howard Lutnick: “So the President said, rather than having this sort of ridiculous EB-5 program, we're going to end the EB-5 program.”