Trump considers increasing visas for foreign investors

The Trump administration is considering a controversial proposal to boost the number of visas offered to wealthy immigrants who invest money in the United States as it tries to boost a faltering economy amid the escalating coronavirus outbreak, according to four people familiar with the situation.

The proposal, which could be included in one of the Senate’s coronavirus rescue bills, would significantly boost the number of visas offered annually from 10,000 to 75,000 while halving the investment required to earn legal residence from $900,000 to $450,000, they say.