New York Governor Kathy Hochul signed Senate Bill 1442, after the Senate Bill and the identical Assembly Bill 4154 passed both houses unanimously. The newly enacted legislation amends the agriculture and markets law to prohibit the slaughter of racehorses and require all thoroughbreds to be microchipped before being used for races in New York. The bill also establishes a fund for retired and rescued racehorses financed by civil penalties collected in connection with certain violations of New York’s agriculture and markets laws. The legislation is effective immediately.