Establishes criteria for the sale of automated employment decision tools

This bill establishes rules for companies using AI tools to make key hiring, promotion, or termination decisions. It directly affects "deployers" (employers using these tools) and "developers" (companies creating them), requiring both to conduct annual impact assessments. Key provisions mandate documenting data usage, assessing discrimination risks, implementing safeguards, and maintaining transparency about how the tools function. Deployers must verify tools align with their intended purpose, while developers must disclose limitations and evaluation methods before selling tools. The law aims to prevent biased outcomes by requiring proactive risk management for AI-driven employment decisions.