On April 10, U.S. lawmakers introduced the Algorithmic Accountability Act (the AAA). The AAA empowers the Federal Trade Commission (FTC) to promulgate regulations requiring covered entities to conduct impact assessments of algorithmic “automated decision systems” (including machine learning and artificial intelligence) to evaluate their “accuracy, fairness, bias, discrimination, privacy and security.” The bill is evocative of a significant trend and strategy to regulate technology and the use of personal data while reinforcing regulatory power at the federal level and promoting industry self-regulation. The proposed AAA is at least some indication that Congress has determined the FTC needs more specific authority to adequately regulate in this space.

To read more on the rules under the new regulation, click here.