Extension to look-back period for fraudulent transfers and obligations

Section 548(a) of title 11 of the United States Code is amended— (1) in paragraph (1) by striking The trustee and inserting Unless specified otherwise in this section, the trustee; and (2) by adding at the end the following: (3) With respect to a debtor that is a fossil fuel company, the trustee may avoid any transfer (including any transfer to or for the benefit of an insider under an employment contract) of an interest of the debtor in property, or any obligation (including any obligation to or for the benefit of an insider under an employment contract) incurred by the debtor, that was made or incurred on or within 10 years before the date of the filing of the petition if the debtor acted pursuant to subparagraphs (A) and (B) of paragraph (1)..