There are elements of their algo that I think should be openly defined, and perhaps there should be some regulatory branch that reports to Congress that has full access. However, obfuscation is often necessary to countering bad actors.
I think only if you offer twitter users the level of first amendment protection they'd expect with a government body. Otherwise reporting to congress would be an a bold faced circumvention the first amendment. Twitter is a privately held company with no need to report to congress.