Sec. 4. (a) An action for:
(1) injury to person or character;
(2) injury to personal property; or
(3) a forfeiture of penalty given by statute;
must be commenced within two (2) years after the cause of action accrues.
(b) Except as provided in subsections (c) and (d), an action for injury to a person that results from the sexual abuse of a child must be commenced within the later of:
(1) seven (7) years after the cause of action accrues; or
(2) four (4) years after the person ceases to be a dependent of the person alleged to have performed the sexual abuse.
(c) An action for injury to a person that:
(1) results from the sexual abuse of a child;
(2) is barred due to the expiration of the statute of limitations period described in subsection (b); and
(3) is brought against a congressionally chartered organization that was incorporated before June 16, 1916;
may be commenced in accordance with subsection (d).
(d) An action described in subsection (c) may be commenced before July 1, 2025, by a person who, before January 1, 2024, participated in a bankruptcy proceeding or bankruptcy settlement that:
(1) was initiated on February 18, 2020; and
(2) involved the organization described in subsection (c)(3).