Algorithmic Accountability Act of 2022
The source supplies the latest action, but no lifecycle stage.
Latest action (3 Feb 2022): Read twice and referred to the Committee on Commerce, Science, and Transportation.
What this bill does
The Algorithmic Accountability Act of 2022, introduced in the Senate, would require certain businesses using automated systems for critical decisions to study and report on their impact. Critical decisions are defined as those significantly affecting a consumer's life, such as in healthcare, housing, education, or financial services. The bill proposes that the Federal Trade Commission (FTC), after consulting with various stakeholders, create regulations to implement these requirements.
This bill would affect businesses that meet specific financial or data-handling thresholds and use automated systems that make critical decisions impacting consumers. These entities would be required to conduct impact assessments, consult with stakeholders, and report findings to the FTC. The FTC would be responsible for enforcing these provisions, with potential assistance from state officials.
Currently, this bill has been introduced in the Senate and referred to the Committee on Commerce, Science, and Transportation. If passed by the Senate, it would then move to the House of Representatives for consideration. If both chambers pass the bill, it would go to the President for signature into law.
Plain-English summary generated by Bill100 AI from the official record. Always verify against the source below.
Official summary
Algorithmic Accountability Act of 2022 This bill requires certain businesses that use automated decision systems to make critical decisions to study and report about the impact of those systems on consumers. Critical decisions include those that have a significant effect on a consumer's life such as the cost or availability of health care, housing, educational opportunities, or financial services. The Federal Trade Commission (FTC), in consultation with relevant stakeholders, must issue regulations to implement the bill. The bill provides for enforcement by the FTC and specified state officials. Further, the bill establishes a Bureau of Technology to advise the FTC about the technological aspects of its functions.
Timeline
3 Feb 2022
Read twice and referred to the Committee on Commerce, Science, and Transportation.
Common questions
- What does S. 3572 do?
- The Algorithmic Accountability Act of 2022, introduced in the Senate, would require certain businesses using automated systems for critical decisions to study and report on their impact. Critical decisions are defined as those significantly affecting a consumer's life, such as in healthcare, housing, education, or financial services. The bill proposes that the Federal Trade Commission (FTC), after consulting with various stakeholders, create regulations to implement these requirements. This bill would affect businesses that meet specific financial or data-handling thresholds and use automated systems that make critical decisions impacting consumers. These entities would be required to conduct impact assessments, consult with stakeholders, and report findings to the FTC. The FTC would be responsible for enforcing these provisions, with potential assistance from state officials. Currently, this bill has been introduced in the Senate and referred to the Committee on Commerce, Science, and Transportation. If passed by the Senate, it would then move to the House of Representatives for consideration. If both chambers pass the bill, it would go to the President for signature into law.
- Has S. 3572 become law?
- The source does not supply a confirmed lifecycle stage for S. 3572. Check the latest action and official source below.
- Who sponsored S. 3572?
- S. 3572 was sponsored by Sen. Wyden, Ron [D-OR] (D-OR), with 9 cosponsors.
- What's the latest action on S. 3572?
- Read twice and referred to the Committee on Commerce, Science, and Transportation. (3 Feb 2022).
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