AnnouncementThe task force will encourage regulatory agencies to use electronic standardization to clarify their rules, facilitate cheaper compliance, sharpen their enforcement capabilities, and move toward greater transparency.Both the Data Transparency Coalition and OMG bring complementary strengths to the new task force. The Coaltion will play an advocacy role, by engaging with US government agencies, Congress and global regulators to identify the high priority challenges and requirements for SMART regulation. OMG will provide its proven technology neutral standards development process, as well as expertise in data and process standards to infuse innovation into regulations' life cycle, leading to development of newer standards compliant software solutions. The task force will identify and promote opportunities to apply industry-defined standards to regulatory text and disclosures.SMART Regulation Task ForceSMARTRTF_7083d9e6-f6a3-11e1-887a-081f67e8916fOMGOMG® is an international, open membership, not-for-profit computer industry standards consortium. OMG Task Forces develop enterprise integration standards for a wide range of technologies and an even wider range of industries. OMG’s modeling standards enable powerful visual design, execution and maintenance of software and other processes. For more information, visit www.omg.org.Data Transparency CoalitionThe Data Transparency Coalition is the only trade association that advocates data reform for the U.S. government. The Coalition brings together companies, nonprofit organizations, and individuals to support policies that require federal agencies to publish their data online, using standardized, machine-readable, nonproprietary technologies. For more information, visit www.datacoalition.org.MembershipParticipation in the Task Force will be open to members of OMG and the Data Transparency Coalition. The task force will seek input from government, regulated entities, and academia..Government Regulated Entities AcademiaThe two organizations will define the vision and scope of the task force at a kick-off meeting on September 11, 2012, in Jacksonville, Florida. An initial draft charter can be found at www.datacoalition.org/smartregulation._7083ddf6-f6a3-11e1-887a-081f67e8916fTo advocate the incorporation of data standards in U.S. federal regulation._7083de82-f6a3-11e1-887a-081f67e8916fStandards“SMART” stands for Standardized, Measurable, Actionable, Reliable, and Timely.MetricsActionReliabilityTimelinessAdvocacy Advocacy with regulatory agencies._7083def0-f6a3-11e1-887a-081f67e8916f1Regulatory AgenciesIn addition to its advocacy with regulatory agencies, the task force will encourage software companies to develop more tools that use industry-defined standards to assist both the agencies and their regulated entities._7083df5e-f6a3-11e1-887a-081f67e8916fSoftware ToolsEncourage software companies to develop more tools that use industry-defined standards to assist both the agencies and their regulated entities._7083dfea-f6a3-11e1-887a-081f67e8916f2Software CompaniesGovernment AgenciesRegulatory AgenciesRegulated Entities_7083e09e-f6a3-11e1-887a-081f67e8916f2012-08-282012-09-04http://www.datacoalition.com/content/files/smart-regulation-press-release.pdfOwenAmburOwen.Ambur@verizon.net