; table of contents (a) Short title This Act may be cited as the American Opportunity Accounts Act . (b) Table of contents The table of contents for this Act is as follows: Sec. 1. Short title; table of contents. Sec. 2. Definitions. Sec. 3. American Opportunity Fund. Sec. 4. AO accounts. Sec. 5. Assignment, alienation, and treatment of deceased individuals. Sec. 6. Rules governing AO accounts relating to investment, accounting, and reporting. Sec. 7. American Opportunity Fund Board. Sec. 8. Fiduciary responsibilities. Sec. 9. Accounts disregarded in determining eligibility for Federal benefits. Sec. 10. Reports. Sec. 11. Programs for promoting financial capability. Sec. 12. Tax treatment. 2. Definitions For purposes of this title— (1) American Opportunity Fund The term American Opportunity Fund means the fund established under section 3. (2) AO account The term AO account means an American opportunity account established under section 4. (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 7. (5) Executive Director The term Executive Director means the executive director appointed pursuant to section 7. 3. 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 shall consist of the sum of all amounts paid into the Fund under this Act, 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 shall be appropriated and shall remain available without fiscal year limitation— (A) to make contributions to AO accounts