Protocol, February 8, 2022

By Kate Kaye

Legislation introduced last week would require companies to assess the impact of AI and automated systems they use to make decisions affecting people’s employment, finances, housing and more.

The Algorithmic Accountability Act of 2022, sponsored by Oregon Democratic Sen. Ron Wyden, would give the FTC more tech staff to oversee enforcement and let the agency publish information about the algorithmic tech that companies use. In fact, it follows an approach to AI accountability and transparency already promoted by key advisers inside the FTC.

A statement about the bill from software industry group BSA The Software Alliance indicated the risk factor associated with algorithmic systems could be a sticking point. “We look forward to working with the sponsors and committees of jurisdiction to improve on the legislation to ensure that any new law clearly targets high risk systems and sensibly allocates responsibilities between organizations that develop and deploy them,” wrote Craig Albright, vice president of Legislative Strategy at the trade group.

Read More >>

Original Posting: https://www.protocol.com/enterprise/revised-algorithmic-accountability-bill-ai