U.S. lawmakers have introduced a bill that would require large companies to audit machine learning-powered systems for bias. The Algorithmic Accountability Act is sponsored by Senators Cory Booker (D-NJ) and Ron Wyden (D-OR), with a House equivalent sponsored by Rep. Yvette Clarke (D-NY). If passed, it would ask the Federal Trade Commission to create rules for evaluating "highly sensitive" automated systems. Companies would have to assess whether the algorithms powering these tools are biased or discriminatory, as well as whether they pose a privacy or security risk to consumers.
The Algorithmic Accountability Act is aimed at major companies with access to large amounts of information. It would apply to companies that make over $50 million per year, hold information on at least 1 million people or devices, or primarily act as data brokers that buy and sell consumer data.
These companies would have to evaluate a broad range of algorithms—including anything that affects consumers' legal rights, attempts to predict and analyze their behavior, involves large amounts of sensitive data, or "systematically monitors a large, publicly accessible physical place." That would theoretically cover a huge swath of the tech economy.
From The Verge
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