1. Short title This Act may be cited as the Financial Institution Security Act . 2. Information sharing (a) In general Section 314 of the USA PATRIOT Act ( 31 U.S.C. 5311 note) is amended— (1) in subsection (b)— (A) by striking terrorist or money laundering activities and inserting terrorist acts, money laundering activities, or a specified unlawful activity (as defined under section 1956(c)(7) of title 18, United States Code) ; and (B) by striking activities that may involve terrorist acts or money laundering activities and inserting activities that may involve terrorist acts, money laundering activities, or a specified unlawful activity ; and (2) in subsection (c), by inserting or a specified unlawful activity (as defined under section 1956(c)(7) of title 18, United States Code) after terrorist acts or money laundering activities . (b) Update to regulations Section 314(a) of the USA PATRIOT Act ( 31 U.S.C. 5311 note) is amended by striking or money laundering activities each place such term appears and inserting , money laundering activities, or a specified unlawful activity (as defined under section 1956(c)(7) of title 18, United States Code) . (c) Sense of Congress Section 314 of the USA PATRIOT Act ( 31 U.S.C. 5311 note) is amended by adding at the end the following: (e) Sense of Congress It is the sense of the Congress that, in furtherance of efforts to stop the financing of terror and other forms of illicit financing through increased sharing of information, and consistent with the need to prevent inappropriate dissemination of such information— (1) Federal law enforcement agencies and regulators should share information about terrorist activities, money laundering activities, and other specified unlawful activities (as defined under section 1956(c)(7) of title 18, United States Code) to the fullest extent possible and in a timely fashion