Algorithmic Accountability Act

The Algorithmic Accountability Act is proposed legislation aimed at ensuring that companies using automated decision-making systems, like algorithms, are responsible for their impacts. It requires organizations to assess their algorithms for bias or unfair discrimination, especially in important areas like hiring or lending. By mandating transparency, it seeks to protect individuals from unfair treatment and promote accountability in how these technologies are used. Essentially, it encourages companies to consider the ethical implications of their algorithms and takes steps to ensure they operate fairly and responsibly.