U.S. President Donald Trump on Friday unveiled a brand-new “Gold Card” visa scheme, offering a fast-track to residency for people willing to pay $1 million.

But that wasn’t the only change to immigration policy that the president announced on Friday: Companies looking to attain H-1B worker visas could soon have to pay a $100,000 annual fee for the privilege.

The H-1B visa is used by myriad American companies to hire skilled workers from abroad, but it is particularly beloved by the tech sector. The White House said in a proclamation on its website that businesses have “abused” the system, making it more “difficult to attract and retain the highest skilled subset of temporary workers, with the largest impact seen in critical science, technology, engineering, and math (STEM) fields.”

The

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