How do you outlaw black box algorithms? What is a black box algorithm? Should we outlaw all calls to libraries we don't have the complete source code to?
I can't understand the call to regulate a technology when it is decades (much more that 10-20 years) away from possibly existing in a state that we can't even imagine. Add to that legislators with zero technical literacy. That's essentially advocating for shutting down all research into a technology that can improve millions of lives.
A black box algorithm is any algorithm that wasn't really written by a human. It isn't about having the source code, it is about utilizing the output of a neural network, which is built up by multiplying a bunch of inputs by weight values and is basically nonsense when you look at it.
Basically any algorithm where you are training it with tons of samples and then it creates a logic tree that is not written by a human is a black box algorithm.
By the time AI technology gets to the point that we realize we should regulate it we will be too late.
We should be taking steps to outlaw black box algorithms right now but I'm sure we won't.