A 5429 — Establishes The New York Workforce Stabilization Act Requiring Certain Businesses To Conduct Artificial Intelligence Impact Assessments On The Application And Use Of Such Artificial Intelligence

A 5429 establishes the New York Workforce Stabilization Act, which requires certain businesses to conduct artificial intelligence impact assessments on the application and use of AI systems. The bill aims to address potential harms from algorithmic discrimination in the workforce by ensuring transparency and accountability in AI deployment. It targets businesses using AI in employment decisions, such as hiring, promotions, or performance evaluations. The legislation is intended to mitigate risks of bias and discrimination in automated decision-making systems.