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Trump Finalizes Visa Bond Plan, Critics Warn Billion-Dollar Hit

8/1/2026

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Summary

Story summary

U.S. President Donald Trump’s administration is finalizing a visa-bond program that follows the suspension of bonds for World Cup ticket holders, critics say will hurt the economy.
Aaron Reichlin-Melnick, a fellow at the American Immigration Council, warned visa bonds can last three months to ten years, so holders may wait a decade for refunds.
The policies have cost the United States billions in tourism and reduced university revenue.

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Story summary

U.S. President Donald Trump’s administration is finalizing a visa-bond program that follows the suspension of bonds for World Cup ticket holders, critics say will hurt the economy.
Aaron Reichlin-Melnick, a fellow at the American Immigration Council, warned visa bonds can last three months to ten years, so holders may wait a decade for refunds.
The policies have cost the United States billions in tourism and reduced university revenue.