What US Algorithmic Accountability Act 2023 - Automated Decision Systems Impact Assessment Requirements requires
The Algorithmic Accountability Act of 2023 (Senate Bill S.2892), introduced in the 118th Congress, would require large US companies (over 50 million users or USD 550 million revenue) to conduct and document impact assessments for automated decision systems that make or support consequential decisions affecting consumers. Assessments must cover data sources, decision logic, potential impacts, accuracy, bias, and privacy risks. The FTC would oversee compliance and enforcement. As of 2024, the bill has not been enacted but represents the leading US AI impact assessment framework proposal.
Pillar: AI Governance & Law · Authority: US Congress - Senate Commerce Committee · Version: 1.0.0 · Last updated:
Primary source: https://www.congress.gov/bill/118th-congress/senate-bill/2892
SHA-256 integrity: 0553f8e29157ae87f1eb95f00fd4084af5253dae6979bcd18f990fe82d53ec27
Primary Citations — 5 traced to source
- Section 4 (impact assessment requirements), Section 5 (FTC authority) — Algorithmic Accountability Act of 2023 (S.2892, 118th Congress)
- FTC analysis of automated decision system risks and regulatory framework — FTC Report on Algorithmic Accountability (2022)
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