Algorithmic Accountability Act: Oversight of AI Decision Systems
This act aims to increase transparency and accountability for companies using artificial intelligence systems to make critical decisions affecting citizens' lives. Companies will be required to assess the risks and impact of these systems to protect consumers from negative consequences like discrimination or privacy breaches. This will give citizens greater control and the ability to appeal decisions made by algorithms.
Key points
Companies using AI systems for critical decisions (e.g., in education, employment, finance, healthcare) will be required to conduct impact assessments on consumers.
These assessments aim to identify and mitigate potential negative impacts, such as discrimination based on race, gender, age, or socioeconomic status.
The Federal Trade Commission (FTC) will oversee these activities, create guidelines, and maintain a public repository of information on AI systems, allowing citizens to understand how they work and where to seek recourse.
Citizens will gain the right to notice about AI system usage, the ability to contest decisions, and file complaints, enhancing their protection against algorithmic errors.
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