Search Results for keywords:"algorithmic transparency"

Search Results: keywords:"algorithmic transparency"

S. 3686 — To prevent anticompetitive conduct through the use of pricing algorithms by prohibiting the use of pricing algorithms that can facilitate collusion through the use of nonpublic competitor data, creating an antitrust law enforcement audit tool, increasing transparency, and enforcing violations through the Sherman Act and Federal Trade Commission Act, and for other purposes.
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January 30, 2024
Status:Introduced in Senate
Congress:118
Words:2,782
The Preventing Algorithmic Collusion Act of 2024 aims to stop companies from using pricing algorithms that could lead to unfair competition by sharing secret competitor data. It requires businesses using such algorithms to provide detailed reports about their algorithms to...
Simple Explanation
The Preventing Algorithmic Collusion Act of 2024 wants to stop companies from secretly working together to set prices using computer programs. It makes companies tell the truth about how they use these programs and punishes them with big fines if they cheat.

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