New bill aims to stamp out bias in algorithms used by companies.
, Booker said that his parents were subjected to “real estate steering” when they attempted to buy a house in his home state 50 years ago.
“However, the discrimination that my family faced in 1969 can be significantly harder to detect in 2019: houses that you never know are for sale, job opportunities that never present themselves, and financing that you never become aware of — all due to biased algorithms,” he said. “This bill requires companies to regularly evaluate their tools for accuracy, fairness, bias and discrimination.
If it is enacted into law, not all companies would be equally affected — it would only cover companies already under the FTC’s purview, and those that make more than $50 million annually. The bill has support from the“Algorithms control various aspects of a digital economy,” Francella Ochillo, the general counsel for the National Hispanic Media Coalition, said.
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