Wealthy foreigners drawn to the program are being warned off by the very attorneys they'd need to make it work.

President Donald Trump's “gold card” visa program, which allows foreigners to live and work in the U.S. for at least $1 million, has approved just one person since December, Commerce Secretary Howard Lutnick announced this Thursday.

In a case that could chill freedom of speech and adversely affect misinformation research and fact-checking, lawyers representing academics, journalists and researchers argued in federal court that a 2025 Trump administration visa policy should be reversed.

The President's plan to attract wealthy foreigners with a high-priced residency program is off to a slow start.