Is Venture Forth legal in Standard, Modern, and Commander?

Venture Forth is legal in: Legacy, Vintage, Commander.

Venture Forth

Q: What type of card is Venture Forth?

Venture Forth is a Sorcery. Its oracle text reads: "Exile cards from the top of your library until you exile a land card. Put that card onto the battlefield and the rest on the bottom of your library in a random order. Exile Venture Forth with three time counters on it. Suspend 3—{1}{G}"

Sorcery

Exile cards from the top of your library until you exile a land card. Put that card onto the battlefield and the rest on the bottom of your library in a random order. Exile Venture Forth with three time counters on it.

Suspend 3—