President Donald Trump signed an executive order on Friday to establish the “Gold Card” visa pathway, where “extraordinary” foreigners can pay $1 million to the United States for expedited immigrant visas.

Trump signed the order in the Oval Office accompanied by Commerce Secretary Howard Lutnick and White House Staff Secretary Will Scharf. While foreigners have the option of paying $1 million to the Treasury, a corporation can sponsor them for $2 million.

“One of the biggest problems we have is that people, they go to the best schools and they do great and they get great marks, and then they’re thrown out of the country,” Trump said. “You’re not allowed to stay.”

“This way, a corporation will be able to — sort of like a signing bonus in baseball or football — a corporation will be abl

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