Bill From Wyden, Booker Targets AI Algorithm Impacts on Consumers

Legislation introduced by Democrats Friday targets the consumer impacts of AI on housing, credit and education decisions. Introduced by Sens. Ron Wyden of Oregon, Cory Booker of New Jersey and Yvette Clarke of New York, the Algorithmic Accountability Act would require companies to test their algorithms through impact assessments analyzing the technology’s effectiveness and bias. The bill creates a public repository at the FTC and adds 75 agency employees to enforce laws related to AI.