Economy April 23, 2026 12:41 PM

Commerce Secretary: Only One Applicant Approved So Far for $1 Million 'Gold Card' Visa

Howard Lutnick tells House committee hundreds more applications are pending; identity of approved applicant not disclosed

By Hana Yamamoto
Commerce Secretary: Only One Applicant Approved So Far for $1 Million 'Gold Card' Visa

Commerce Secretary Howard Lutnick told a U.S. House committee that just a single applicant has been approved under the administration's $1 million 'Gold Card' visa program, while hundreds of additional applications remain under review. The program, which began accepting applications in December, requires a $1 million residency fee plus a $15,000 processing charge and an "extraordinary vet," Lutnick said. The Department of Homeland Security did not immediately respond to a request for comment about approval rates or the backlog.

Key Points

  • Commerce Secretary Howard Lutnick informed a House committee that only one applicant has been approved under the 'Gold Card' visa program.
  • The program began accepting applications in December and requires a $1 million residency fee plus a $15,000 processing charge; applicants undergo what Lutnick called "an extraordinary vet."
  • Hundreds of additional applications are reported to be under review, and the Department of Homeland Security did not immediately respond to requests for comment about approval rates or backlog. - Sectors potentially affected include immigration policy administration, legal and compliance services, and sectors attracting foreign talent.

Commerce Secretary Howard Lutnick said on Thursday that only one person has been granted residency through the administration's so-called "Gold Card" visa program. Lutnick made the disclosure during testimony before a U.S. House committee and added that applications from hundreds of other foreigners are in the review queue. He did not provide the identity of the approved applicant.

The initiative started accepting applications in December. According to Lutnick's remarks, candidates must pay a $1 million fee to secure residency under the program. In addition to that residency fee, the application process carries a $15,000 processing charge. Lutnick described the screening applied to candidates as "an extraordinary vet."

Administration officials have publicly framed the program as a means of drawing talent to the United States, with the president promoting it as such. Lutnick's testimony provided the first specific count of approvals disclosed to Congress since the program began accepting submissions.

The U.S. Department of Homeland Security did not immediately supply a response when asked about the program's approval rate or the status of the pending applications. The committee hearing testimony therefore remains the primary public account of the program's early implementation and throughput.

This initial report offers limited public detail beyond the number of approvals and the fees involved. The withholding of the approved applicant's identity and the absence of an immediate response from the Department of Homeland Security leave several operational questions unresolved in the public record.


What was said at the hearing

During his appearance before the House committee, Lutnick focused on volumetric information and the requirements applicants face. He confirmed the solitary approval, reiterated the fee structure, and characterized the vetting standard as particularly rigorous.

Public comment

Requests for comment to the Department of Homeland Security about the approval rate and backlog were not immediately answered, according to available information.

Risks

  • Limited public detail on the program's operational pace and the identity of the approved applicant creates uncertainty about throughput and transparency - this affects policymakers and stakeholders monitoring immigration policy.
  • A lack of immediate response from the Department of Homeland Security on approval rates and backlog leaves questions about administrative capacity and timing for applicants and related professional services.
  • Because the program is newly implemented and information is limited, investors and market participants assessing sector impacts tied to inbound talent may face timing and visibility risks.

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