; and (4) the depository institution complies with any other applicable reporting requirements pursuant to subchapter II of chapter 53 of title 31, United States Code, and any applicable regulations implementing that subchapter. 8. Banking services for hemp-related legitimate businesses and hemp-related service providers (a) Findings Congress finds that— (1) section 12619 of the Agriculture Improvement Act of 2018 ( Public Law 115–334 ; 132 Stat. 5018) legalized hemp by removing it from the definition of marihuana under section 102 of the Controlled Substances Act ( 21 U.S.C. 802 ); (2) despite the legalization of hemp, some hemp businesses (including producers, manufacturers, and retailers) continue to have difficulty gaining access to banking products and services; and (3) businesses involved in the sale of hemp-derived CBD products are particularly affected, due to confusion about the legal status of such products. (b) Definition In this section, the term financial institution — (1) has the meaning given the term in section 5312(a) of title 31, United States Code