Lawmakers Introduce Bill to Regulate Use of Artificial Intelligence to Make Critical Decisions like Housing, Employment and Education

US Senator Ron Wyden (D-OR), with Senator Cory Booker (D-NJ), and Representative Yvette Clarke (D-NY) introduced the Algorithmic Accountability Act of 2023, to create new protections for people affected by AI systems that are already impacting decisions affecting housing, credit, employment, education, and other high-impact uses. The bill applies to new generative AI systems used for critical decisions, as well as other AI and automated systems. The bill also requires companies to conduct impact assessments for effectiveness, bias, and other factors when using artificial intelligence to make critical decisions. It creates, for the first time, a public repository at the Federal Trade Commission of these systems, and adds 75 staff to the commission to enforce the law.