; and (ii) by striking applicable limitations period and inserting applicable statute of limitations period or applicable statute of repose period, respectively ; and (E) in paragraph (5) (as so redesignated)— (i) in subparagraph (A), by striking subsection (a)(1) and inserting paragraph (1) or (2) of subsection (a) ; and (ii) in subparagraph (B)— (I) by redesignating clauses (i) and (ii) as subclauses (I) and (II), respectively, and indenting appropriately; (II) in the matter preceding subclause (I) (as so redesignated), by striking In the case and inserting the following: (i) Minors and incompetents In the case ; and (III) by adding at the end the following: (ii) Newly designated hazardous substances In the case of a contaminant of emerging concern, pollutant, chemical, waste, or other substance that is designated as a hazardous substance on or after August 1, 2022, the term federally required commencement date means the latter of— (I) the date on which that contaminant of emerging concern, pollutant, chemical, waste, or other substance is designated as a hazardous substance; and (II) the date on which the plaintiff knew (or reasonably should have known) that the personal injury or property damages referred to in paragraph (1) or (2) of subsection (a) were caused or contributed to by that contaminant of emerging concern, pollutant, chemical, waste, or other substance. . 203. Bankruptcy provision relating to persistent, bioaccumulative, and toxic chemicals defendants and debtors (a) In general Title III of the Comprehensive Environmental Response, Compensation, and Liability Act of 1980 ( 42 U.S.C. 9651 et seq. ) is amended by adding at the end the following: 313. Special provision relating to persistent, bioaccumulative, and toxic chemicals defendants and debtors (a) Definitions In this section: (1) Claim; debtor; entity