; and (2) whose employees are not covered by a collective bargaining agreement described in section 410(b)(3)(A) of the Internal Revenue Code of 1986. 5024. Definitions Any term used in this subtitle which is also used in section 408(k) of the Internal Revenue Code of 1986 has the same meaning as when used in such section. . (b) Clerical amendment The table of contents of the Employee Retirement Income Security Act of 1974 is amended by adding at the end the following: TITLE V—American Savings Accounts Subtitle A—Administration Sec. 5001. American Savings Account Board of Directors. Sec. 5002. Responsibilities of American Savings Account Board of Directors. Sec. 5003. Fiduciary responsibilities; liability and penalties. Sec. 5004. American Savings Account Fund Advisory Council. Subtitle B—American Savings Account Fund Sec. 5011. American Savings Account Fund. Sec. 5012. Tax treatment of the American Savings Account Fund. Subtitle C—American Savings Accounts Sec. 5021. American Savings Accounts. Sec. 5022. Employer requirements. Sec. 5023. State retirement savings plans. Sec. 5024. Definitions. . (c) Conforming amendment Section 7701 of the Internal Revenue Code of 1986 is amended by redesignating subsection (p) as subsection (q) and by inserting after subsection (o) the following new subsection: (p) Tax treatment of American Savings Account Fund (1) In general For purposes of this title— (A) the American Savings Account Fund shall be treated as a trust described in section 401(a) which is exempt from taxation under section 501(a); (B) any contribution to, or distribution from, the American Savings Account Fund shall be treated in the same manner as contributions to or distributions from such a trust