; table of contents. Sec. 2. Findings. Sec. 3. USAccount Fund. Sec. 4. USAccounts. Sec. 5. Assignment, alienation, and treatment of deceased individuals. Sec. 6. Rules governing USAccounts relating to investment, accounting, and reporting. Sec. 7. USAccount Fund Board. Sec. 8. Fiduciary responsibilities. Sec. 9. Accounts disregarded in determining eligibility for Federal benefits. Sec. 10. Reports. Sec. 11. Tax provisions. Sec. 12. Earned Income Tax Credit outreach. (c) Definitions For purposes of this Act— (1) U SA ccount Fund The term USAccount Fund means the fund established under section 3. (2) U SA ccount The term USAccount means an account established under section 4. (3) Secretary The term Secretary means the Secretary of the Treasury or the Secretary’s delegate. (4) U SA ccount Fund Board The term USAccount Fund Board means the board established pursuant to section 7. (5) Executive Director The term Executive Director means the executive director appointed pursuant to section 7. 2. Findings The Congress finds the following: (1) Americans recognize the importance of savings to create a more secure financial future for their family but barriers to entry have blocked participation in savings programs, leading to drastic disparities in asset building and wealth creation. (2) Most working families in America lack savings and face financial insecurity as a result. Forty-four percent of families are liquid asset poor , meaning they lack accessible savings to survive for three months at the Federal poverty level. (3) Of that number, over two-thirds of African-Americans (67 percent) could be considered liquid asset poor as are nearly three-fourths of Latinos (71 percent). (4) Families with children face additional barriers to building savings. These families are more likely than childless households to live in asset poverty. (5) There is a strong link between savings and economic opportunity. Children in the poorest fifth of households who manage to move up the income ladder as adults have almost ten times the