shall submit to the Director a list of the name of each living individual who has been assigned a social security account number. (b) Federal contributions (1) In general In the case of an individual for whom a notification is made under clause (iv) of section 205(c)(2)(B) of the Social Security Act ( 42 U.S.C. 405(c)(2)(B) ), as added by subsection (a)(3), who is a child of a taxpayer who received a credit against tax under section 32 of the Internal Revenue Code of 1986 for the most recent taxable year ending before the date of the notification under such subsection, the Director shall deposit into the portable retirement and investment account of the individual an amount determined under paragraph (2). (2) Amount Subject to paragraph (3), the amount determined under this paragraph is— (A) in the case of a taxpayer eligible for the maximum credit applicable to such individual under section 32 of the Internal Revenue Code of 1986, the applicable contribution amount