Sens. Cory Booker, D-N.J., and Ron Wyden, D-Ore., sponsored the Algorithmic Accountability Act, with Rep. Yvette Clarke, D-N.Y., sponsoring a House of Representatives equivalent. The bill would apply to companies that make more than $50 million per year, have data for at least 1 million people or devices, or organizations that primarily act as data brokers. It would also empower the U.S. Federal Trade Commission to require that entities “conduct automated decision system impact assessments and data protection impact assessments” for algorithmic decision-making systems, forcing companies to evaluate algorithms in terms of their “accuracy, fairness, bias, discrimination, privacy and security.”
Full Story