Algorithmic Accountability Act of 2023 - H.R.5628

Summary

The bill requires companies to conduct impact assessments for effectiveness, bias, and other factors when using artificial intelligence to make critical decisions. Specific aspects of the bill include:

• Provides a baseline requirement that companies assess the impacts of automating critical decision-making, including decision processes that have already been automated.
• Requires the Federal Trade Commission (FTC) to create regulations providing structured guidelines for assessment and reporting.
• Ensures that companies that make critical decisions and those that build the technology are responsible for assessing the impact of decision processes.
• Requires reporting of select impact-assessment documentation to the FTC.
• Requires the FTC to publish an annual anonymized aggregate report on trends and to establish a repository of information where consumers and advocates can review which critical decisions have been automated by companies along with information such as data
  sources, high-level metrics, and how to contest decisions, where applicable.
• Adds resources to the FTC to hire 75 staff and establishes a Bureau of Technology to enforce this Act and support the Commission in the technological aspects of its functions.