The document summarizes the IEEE P7003 Standard for Algorithmic Bias Considerations. The standard is being developed by a working group of over 75 members from various countries and disciplines. It aims to provide recommendations for addressing bias in algorithm design and development. This includes defining types of algorithmic bias, considering legal frameworks and psychology related to bias, and evaluating systems for representativeness of data, outcomes, and resilience against manipulation. The standard also references related work on AI ethics and accountability from other organizations.