WASHINGTON — Looking to reshape the U.S. visa system for highly skilled foreign workers and investors, President Donald Trump on Friday signed a proclamation that will require a new annual $100,000 fee for H-1B visa applications and rolled out a $1 million “gold card” visa as a potential pathway to U.S. citizenship.

The moves face near-certain legal challenges and widespread criticism that Trump is going beyond presidential authority by sidestepping Congress. The actions, if they survive legal muster, will deliver staggering price increases for high-skilled and investor visas created by Congress in 1990.

Commerce Secretary Howard Lutnick said the H-1B visa fee will be $100,000 per year and added that “all big companies” are on board.

H-1B visas are meant to bring the best and brightest

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