This law only makes sense if one can sue those responsible for protection and employment of a molester, not the institution itself. And the victims have to have proof that the enablers knew about the molestation. But after so many years have passed, it is doubtful that any institution will have the same administrators as when the alleged abuse took place.
Victims should only be able to sue if the abuser admitted to his crime and if there has come to light sufficient proof of abuse. There are so many new cases being filed and I’m very doubtful that for the majority of these cases proof of abuse came up so many years later.