A Glimpse Into The Potential Future Of AI Regulation

By Byungkwon Lim, Gary Murphy, Friedrich Popp and James Amler ( May 14, 2019, 4:53 PM EDT) -- On April 10, 2019, Democrats in Congress introduced legislation, referred to as the Algorithmic Accountability Act of 2019, seeking to enhance oversight of artificial intelligence and data privacy.[1] If passed, the AAA would direct the Federal Trade Commission to "require entities that use, store, or share personal information" to conduct impact assessments of any automated decision systems or any repositories of consumer information that are deemed to be "high risk." In this way, the AAA creates a regulatory framework designed to reduce the risk that (1) AI systems lead to inaccurate, unfair, biased, or discriminatory outcomes for consumers, or (2) personal data of consumers is improperly disseminated....

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