The purpose of this article is to introduce the smart regulation approach. The approach is one of the main theories for the implementation of government regulation. There are few scientific studies on smart regulation in Russian science, although the study of this approach is developed in world science. Moreover, these Russian research papers are of an applied nature and focus on specific aspects of the approach, often neglecting other. Quite a lot of foreign studies on public administration explore and develop the smart regulation approach. There are those prepared at the stage of approach formation and published quite recently. A review of these studies makes it possible to acquaint the reader with the multifaceted characteristics of the approach, the variety of tools it offers, and the breadth of application of its elements.