The document discusses the ONTORULE project, which aims to reconcile how business users write rules and policies using natural language with how rule engines require formal semantics and data models. It proposes formalizing vocabularies as ontologies to ground natural language policies and rules, separating domain knowledge from business rules and implementation details. This would allow rules and policies to be consistently applied across applications and organizations. The project seeks to develop standard-based tools to acquire, author, and execute rules grounded in ontology.