Will the U.S. House Subcommittee on Consumer Protection and Commerce vote on the Algorithmic Accountability Act of 2022 before 31 July 2022?
In February of 2022, the Algorithmic Accountability Act of 2022 was introduced in the U.S. House of Representatives and referred to the House Subcommittee on Consumer Protection and Commerce (National Law Review). According to the one-page summary, the bill would empower the Federal Trade Commission to require companies assess the impacts of the automated systems they use and create transparency about those systems. The bill’s proponents argue this is needed to reduce safety risks, errors, and bias in algorithmic decision making, citing examples where automated decision systems wrongly denied pain medications to patients and denied loans to applicants who had been approved for mortgages (Jones Day). However, some worry that the added regulatory burden placed on companies could outweigh the benefits (PYMNTS.com).
|Possible Answer||Crowd Forecast||Change in last 24 hours|
|Yes, and the bill will be favorably reported to the full committee||51.30%||-6.71%|
|Yes, but the bill will not be favorably reported to the full committee||5.77%||+2.17%|
|No, a vote will not occur||42.93%||+4.55%|