LIMITATION ON LIABILITY OF NON-INSIDER TRANSFEREE FOR AVOIDED TRANSFER.

SEC. 202. LIMITATION ON LIABILITY OF NON-INSIDER TRANSFEREE FOR AVOIDED TRANSFER. Section 550 of title 11, United States Code, is amended— (1) by redesignating subsections (c), (d), and (e) as subsections (d), (e), and (f), respectively, and (2) by inserting after subsection (b) the following: “(c) If a transfer made between 90 days and one year before the filing of the petition— “(1) is avoided under section 547(b) of this title; and “(2) was made for the benefit of a creditor that at the time of such transfer was an insider; the trustee may not recover under subsection (a) from a transferee that is not an insider.”.