expedited path to an existing one, such as EB-1 or EB-2.

The term "rapid residency" is not a standard legal term in U.S. immigration law. However, based on recent reports, it appears to be a new program, sometimes referred to as the "Trump Gold Card," aimed at providing a faster path to U.S. residency for wealthy individuals.

Here's a breakdown of what that seems to mean:

• It is likely a Green Card. The information suggests that a "rapid residency" program would grant participants "lawful permanent resident status," which is the legal term for holding a Green Card. This is not a new type of residency but rather an expedited path to an existing one, likely through a special visa category such as EB-1 or EB-2.

• It's a faster process, but not instant. While "rapid" implies a quick process, it still involves an application, background checks, and fees. The goal is to significantly shorten the typical waiting times for a Green Card, which can otherwise take months or even years depending on the visa category and country of origin.

• It's different from U.S. citizenship. A Green Card (or lawful permanent residency) is not the same as U.S. citizenship. As a lawful permanent resident, you have the right to live and work in the U.S. permanently, but you don't have all the same rights and privileges as a citizen. For example, you cannot vote in federal elections, and you can be deported for certain crimes.

In summary, "rapid residency" is a new term for an expedited process to obtain a Green Card, or lawful permanent resident status, in the U.S. It does not mean you automatically become a U.S. citizen.