- Lawmakers Introduce Algorithmic Accountability Act
Federal legislation introduced this month would require companies to conduct impact assessments to determine if the algorithms they use are “inaccurate, unfair, biased, or discriminatory.” The Algorithmic Accountability Act is sponsored by Sen. Ron Wyden, Rep. Yvette Clarke, and Sen. Cory Booker.
The assessments required by the Act would include “a detailed description of the automated decision system, its design, its training, data, and its purpose; . . . an assessment of the risks posed by the automated decision system to the privacy or security of personal information of consumers and the risks that the automated decision system may result in or contribute to inaccurate, unfair, biased, or discriminatory decisions impacting consumers; and the measures the covered entity will employ to minimize [those] risks[.]”