Algorithmic Accountability Act of 2023

The Algorithmic Accountability Act of 2023 (H.R. 5628) would require large companies to perform "impact assessments" on the automated systems and artificial intelligence they use to make critical decisions. These assessments are designed to identify and correct potential issues such as bias, discrimination, or security flaws in software that affects a person’s access to housing, healthcare, employment, and credit.

For everyday citizens, this bill aims to provide greater transparency and protection by requiring the Federal Trade Commission (FTC) to create a public repository where people can see which companies are using automation for important life decisions. It would also empower the FTC to enforce these standards, ensuring that if an automated system produces unfair or inaccurate results, the company responsible must take steps to fix the problem.