; application of amendments. Subtitle E—American Opportunity Accounts Sec. 30501. Short title. Part I—American opportunity accounts Sec. 30511. Definitions. Sec. 30512. American Opportunity Fund. Sec. 30513. AO accounts. Sec. 30514. Assignment, alienation, and treatment of deceased individuals. Sec. 30515. Rules governing AO accounts relating to investment, accounting, and reporting. Sec. 30516. American Opportunity Fund Board. Sec. 30517. Fiduciary responsibilities. Sec. 30518. Accounts disregarded in determining eligibility for Federal benefits. Sec. 30519. Reports. Sec. 30520. Programs for promoting financial capability. Sec. 30521. Tax treatment. Part II—Revenue provisions Subpart A—Estate and gift tax provisions Sec. 30531. Modification of estate tax rate and basic exclusion amount. Sec. 30532. Required minimum 10-year term, etc., for grantor retained annuity trusts. Sec. 30533. Certain transfer tax rules applicable to grantor trusts. Sec. 30534. Simplifying gift tax exclusion for annual gifts. Sec. 30535. Modification of rules for value of certain farm real property. Subpart B—Reform of taxation of capital income Sec. 30541. Increase in capital gains rate. Sec. 30542. Deemed realization of capital gains at time of gift or death. Sec. 30543. Exclusion of certain amounts of realized capital gain. Sec. 30544. Extension of time for payment of tax. Sec. 30545. Waiver of penalty for underpayment of estimated tax. Sec. 30546. Effective date. Subtitle F—Low-Income Water Customer Assistance Programs Sec. 30601. Short title. Sec. 30602. Low-income drinking water assistance pilot program. Sec. 30603. Low-income wastewater assistance pilot program. Sec. 30604. Needs assessment for nationwide rural and urban low-income community water assistance program. Subtitle G—Worker Relief and Credit Reform Sec. 30701. Short title. Sec. 30702. Expansion and improvement of earned income tax credit. Subtitle H—School Modernization and Efficient Access to Lunches for Students Sec. 30801. Short title. Sec. 30802. Expanding direct