Is Bail Out legal in Standard, Modern, and Commander?

Bail Out is legal in: Historic.

Bail Out

Q: What type of card is Bail Out?

Bail Out is an Instant. Its oracle text reads: "Until end of turn, target creature you control gains "When this creature dies, return it to the battlefield tapped under its owner's control. It deals 1 damage to each opponent." Overload {2}{B}{B}"

Instant

Until end of turn, target creature you control gains "When this creature dies, return it to the battlefield tapped under its owner's control. It deals 1 damage to each opponent."

Overload