1. Short title This Act may be cited as the Algorithmic Accountability Act of 2023 . 2. Definitions In this Act: (1) Augmented critical decision process The term augmented critical decision process means a process, procedure, or other activity that employs an automated decision system to make a critical decision. (2) Automated decision system The term automated decision system means any system, software, or process (including one derived from machine learning, statistics, or other data processing or artificial intelligence techniques and excluding passive computing infrastructure) that uses computation, the result of which serves as a basis for a decision or judgment. (3) Biometrics The term biometrics means any information that represents a biological, physiological, or behavioral attribute or feature of a consumer. (4) Chair The term Chair means the Chair of the Commission. (5) Commission The term Commission means the Federal Trade Commission. (6) Consumer The term consumer means an individual. (7) Covered entity (A) In general The term covered entity means any person, partnership, or corporation over which the Commission has jurisdiction under section 5(a)(2) of the Federal Trade Commission Act ( 15 U.S.C. 45(a)(2) )— (i) that deploys any augmented critical decision process; and (I) had greater than $50,000,000 in average annual gross receipts or is deemed to have greater than $250,000,000 in equity value for the 3-taxable-year period (or for the period during which the person, partnership, or corporation has been in existence, if such period is less than 3 years) preceding the most recent fiscal year, as determined in accordance with paragraphs (2) and (3) of section 448(c) of the Internal Revenue Code of 1986; (II) possesses, manages, modifies, handles, analyzes, controls, or otherwise uses identifying information about more than 1,000,000 consumers, households, or consumer devices for the purpose of developing or deploying any automated decision system or augmented critical decision process