§ 3306 Remedies of the United States

Codes > United States Code > Title 28 > Part VI : Chapter 176 > Subchapter D : 3306

§ 3306. Remedies of the United States

    (a) In general.--In an action or proceeding under this subchapter for relief against a transfer or obligation, the United States, subject to section 3307 and to applicable principles of equity and in accordance with the Federal Rules of Civil Procedure, may obtain--

        (1) avoidance of the transfer or obligation to the extent necessary to satisfy the debt to the United States;

        (2) a remedy under this chapter against the asset transferred or other property of the transferee; or

        (3) any other relief the circumstances may require.

    (b) Limitation.--A claim for relief with respect to a fraudulent transfer or obligation under this subchapter is extinguished unless action is brought--

        (1) under section 3304(b)(1)(A) within 6 years after the transfer was made or the obligation was incurred or, if later, within 2 years after the transfer or obligation was or could reasonably have been discovered by the claimant;

        (2) under subsection (a)(1) or (b)(1)(B) of section 3304 within 6 years after the transfer was made or the obligation was incurred; or

        (3) under section 3304(a)(2) within 2 years after the transfer was made or the obligation was incurred.