Furkan Gursoy (University of Houston), Ryan Kennedy (same), and Ioannis Kakadiaris (same) have posted “A Critical Assessment of the Algorithmic Accountability Act of 2022” on SSRN. Here is the abstract:

On April 3rd, 2022, a group of US lawmakers introduced the Algorithmic Accountability Act of 2022. The legislation proposed by Democrats requires sizable entities to conduct impact assessments for automated decision systems deployed for a set of critical decisions. The bill comes at an opportune moment because algorithms have an increasingly substantial influence on human lives, and topics such as transparency, explainability, fairness, privacy, and security are receiving growing attention from researchers and practitioners. This article examines the bill by (i) developing a critical summary and (ii) identifying and presenting ten ambiguities and potential shortcomings for debate. This study paves the way for further discussions to shape algorithmic accountability regulations.