Algorithmic Accountability Act of 2025

The Algorithmic Accountability Act of 2025 requires companies that deploy complex AI systems making significant decisions (such as those affecting education, employment, healthcare, or financial services) to conduct impact assessments and submit annual reports to the Federal Trade Commission. It applies to companies with over $50 million in annual revenue or those handling information about more than 1 million consumers. Companies must assess potential negative impacts on consumers, including bias, privacy risks, and fairness concerns, and document their findings. The FTC will maintain a public repository of anonymized information from these reports to inform consumers and researchers about how AI systems are being used.