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The Department of State (DOS) published a temporary final rule (TFR) on 5 August 2025 in which it announced the commencement of a 12 month-long visa bond pilot program. Visa applicants subject to this program will include nationals of countries identified by DOS “as having high visa overstay rates, where screening and vetting is deemed deficient” who apply for a B-1/B-2 visa (visitor to the United States for business and/or pleasure), as well as individuals who obtained Citizenship by Investment (CBI), if that citizenship was obtained absent a residence requirement.
A Tax Alert prepared by EY's People Advisory Services, and attached below, provides additional details.