AnnouncementThe task forcewill encourage regulatory agencies to use electronic standardization to clarify their rules,facilitate cheaper compliance, sharpen their enforcement capabilities, and move toward greatertransparency.Both the Data Transparency Coalition and OMG bring complementary strengths to the new taskforce. 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 forSMART regulation. OMG will provide its proven technology neutral standards developmentprocess, as well as expertise in data and process standards to infuse innovation intoregulations' life cycle, leading to development of newer standards compliant software solutions.The task force will identify and promote opportunities to apply industry-defined standards toregulatory text and disclosures.SMART Regulation Task ForceSMARTRTF_85275012-f6a3-11e1-b3ff-652467e8916fOMGOMG® is an international, open membership, not-for-profit computer industry standardsconsortium. OMG Task Forces develop enterprise integration standards for a wide range oftechnologies and an even wider range of industries. OMG’s modeling standards enablepowerful visual design, execution and maintenance of software and other processes. For moreinformation, visit www.omg.org.Data Transparency CoalitionThe Data Transparency Coalition is the only trade association that advocates data reform forthe U.S. government. The Coalition brings together companies, nonprofit organizations, andindividuals to support policies that require federal agencies to publish their data online, usingstandardized, machine-readable, nonproprietary technologies. For more information, visitwww.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 onSeptember 11, 2012, in Jacksonville, Florida. An initial draft charter can be found atwww.datacoalition.org/smartregulation._852751f2-f6a3-11e1-b3ff-652467e8916fTo advocate the incorporation of data standards in U.S. federal regulation._8527529c-f6a3-11e1-b3ff-652467e8916fStandards“SMART” stands for Standardized, Measurable, Actionable, Reliable, and Timely.MetricsActionReliabilityTimelinessAdvocacy Advocacy with regulatory agencies._85275332-f6a3-11e1-b3ff-652467e8916f1Regulatory 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._852753d2-f6a3-11e1-b3ff-652467e8916fSoftware ToolsEncourage software companies to develop more tools that use industry-defined standards to assist both the agencies and their regulated entities._85275472-f6a3-11e1-b3ff-652467e8916f2Software CompaniesGovernment AgenciesRegulatory AgenciesRegulated Entities_85275512-f6a3-11e1-b3ff-652467e8916f2012-08-282012-09-04http://www.datacoalition.com/content/files/smart-regulation-press-release.pdfOwenAmburOwen.Ambur@verizon.net