SMART Regulation Project: CharterSMART Regulation ProjectSRP_78a6aefc-2df6-11e2-ae26-7f7b5b280d48Hudson HollisterActing co-chairHarsh SharmaActing co-chair_78a6b082-2df6-11e2-ae26-7f7b5b280d48_78a6b12c-2df6-11e2-ae26-7f7b5b280d48SMARTSMART -- Standardized, Measurable, Actionable, Reliable, TimelyStandardsMetricsActionReliabilityTimelinessDefinitionDefine SMART Regulation and identify benefits to makers and consumers_78a6b1b8-2df6-11e2-ae26-7f7b5b280d481MakersConsumersRefinementRefine working definition: SMART regulation is the consistent definition and use of industry data standards in regulatory language and regulatory disclosures._78a6b244-2df6-11e2-ae26-7f7b5b280d481.1Best PracticesIdentify best practices for using industry-defined vocabularies, models, and interchange formats in SMART regulation._78a6b302-2df6-11e2-ae26-7f7b5b280d481.2BenefitsRefine understanding of benefits for regulators, Congressional and executive oversight, regulated entities, markets, and consumers._78a6b3a2-2df6-11e2-ae26-7f7b5b280d481.3RegulatorsCongressional OverseersExecutive OverseersRegulated EntitiesMarketsConsumersIntroductionIntroduce SMART regulation to makers and consumers_78a6b442-2df6-11e2-ae26-7f7b5b280d482MakersConsumersEarly BenefitsIdentify key regulatory areas where SMART Regulation might provide early, measurable benefits to regulators and regulated companies._78a6b4f6-2df6-11e2-ae26-7f7b5b280d482.1RegulatorsRegulated CompaniesPrototypesPromote development of prototypes to support vision, architecture, and software standards for SMART regulation._78a6b5b4-2df6-11e2-ae26-7f7b5b280d482.2Early AdoptersIdentify ‘early adopter’ regulatory agencies and regulated companies to develop case studies._78a6b668-2df6-11e2-ae26-7f7b5b280d482.3Seek to create a body of academic research.Buy-In / SupportSeek buy-in/support from key private and public sector leadership._78a6b730-2df6-11e2-ae26-7f7b5b280d482.4Private Sector LeadersPublic Sector LeadersU.S. CongressU.S. Government AgenciesGlobal Government AgenciesAdvocacy to US congress, other US and global government agencies.Regulation EcosystemEstablish SMART regulation ecosystem._44fee5f0-2df7-11e2-bbda-6cb45b280d483Data StandardsIdentify and promote development of industry data standards in regulatory areas where none yet exist._44fee884-2df7-11e2-bbda-6cb45b280d483.1**SMART Regulation Project by itself will NOT develop standardsPolicy InitiativesCreate, identify, and advocate a comprehensive body of SMART regulation policy initiatives in Congress and the executive branch._44fee96a-2df7-11e2-bbda-6cb45b280d483.2CongressExecutive BranchOpen Source Software EcosystemEstablish open source software ecosystem to support SMART regulation functions: drafting, process flow, life-cycle management, cost-benefit, compliance, disclosure, intelligence, market research, etc._a66d4d44-2df8-11e2-bf2a-d5995b280d483.3MetricsDevelop requirements for standard metrics to measure business value of rules._a66d4ff6-2df8-11e2-bf2a-d5995b280d483.4SMART Regulation ProfessionalDefine and promote the role of a SMART Regulation Professional._a66d50fa-2df8-11e2-bf2a-d5995b280d484Regulation ProfessionalsSkill SetsDefine skill-sets (business and IT) that will lead to development of human capital in and opportunities in SMART Regulation._a66d51d6-2df8-11e2-bf2a-d5995b280d484.12012-09-112012-11-13http://www.datacoalition.com/content/files/smart-regulation-charter.pdfOwenAmburOwen.Ambur@verizon.net