The State Department announced on Monday it will start a new pilot program in August that will require some foreign travelers to pay up to $15,000 for a bond, so they won’t overstay their visas. Here’s what to know.

What are the details of the new visa bond program?

On Monday, the Federal Register listed the program details, and while many remain unclear, in short, it said the State Department would begin a 12-month-long visa bond pilot program, which could apply to foreign citizens applying for temporary B-1 or B-2 visas visiting the U.S. for business or pleasure.

It applies to “nationals of countries identified . . . as having high visa overstay rates, where screening and vetting information is deemed deficient, or offering Citizenship by Investment, if the alien obtained citizenship

See Full Page