LIMITATION ON AVOIDING POWERS.

SEC. 216. LIMITATION ON AVOIDING POWERS. Section 546(a)(1) of title 11, United States Code, is amended to read as follows: “(1) the later of— 108 STAT. 4127 “(A) 2 years after the entry of the order for relief; or “(B) 1 year after the appointment or election of the first trustee under section 702, 1104, 1163, 1202, or 1302 of this title if such appointment or such election occurs before the expiration of the period specified in subparagraph (A); or”.