; application of amendments (a) Effective date Except as provided in subsection (b), this section and the amendments made by this subtitle shall take effect on October 1, 2022. (b) Application of amendments The amendments made by subsections (b), (c), and (f)(2) shall not apply with respect to certification periods that begin before October 1, 2022. E American Opportunity Accounts 30501. Short title This subtitle may be cited as the American Opportunity Accounts Act . I American opportunity accounts 30511. Definitions For purposes of this subtitle— (1) American Opportunity Fund The term American Opportunity Fund means the fund established under section 30512. (2) AO account The term AO account means an American opportunity account established under section 30513. (3) Secretary The term Secretary means the Secretary of the Treasury or the Secretary’s delegate. (4) American Opportunity Fund Board The term American Opportunity Fund Board means the board established pursuant to section 30516. (5) Executive Director The term Executive Director means the executive director appointed pursuant to section 30516. 30512. American Opportunity Fund (a) Establishment There is established in the Treasury of the United States a fund to be known as the American Opportunity Fund . (b) Amounts held by Fund The American Opportunity Fund consists of the sum of all amounts paid into the Fund under this title, increased by the total net earnings from investments of sums held in the Fund or reduced by the total net losses from investments of sums held in the Fund, and reduced by the total amount of payments made from the Fund (including payments for administrative expenses). (c) Use of Fund (1) In general The sums in the American Opportunity Fund are appropriated and shall remain available without fiscal year limitation— (A) to make contributions to AO accounts; (B) to invest under section 30515; (C) to make distributions in accordance with this title; (D) to pay the administrative expenses of carrying out this title