President Trump's H-1B visa proclamation caused panic and confusion for current holders, especially those traveling abroad. But The White House clarified some details Saturday.

The Gold Card is a visa program that grants expedited immigrant visa eligibility to certain foreign individuals or companies. In exchange, applicants make a large financial contribution (sometimes called a “financial gift”) to the U.S. Department of Commerce.

Robin has worked as a credit cards, editor and spokesperson for over a decade. Prior to Forbes Advisor, she also covered credit cards and related content for other national web publications including USA TODAY, NerdWallet, Bankrate and HerMoney. She..

The Trump administration’s new $100,000 application fee for the widely used H-1B visa program will only apply to new visas, the White House said Saturday.