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The Library of Congress is launching a review of the bibliographic framework to better accommodate future needs. A major focus of the initiative will be to determine a transition path for the MARC 21 exchange format in order to reap the benefits of newer technology while preserving a robust data exchange that has supported resource sharing and cataloging cost savings in recent decades. This work will be carried out in consultation with the format's formal partners -- Library and Archives Canada and the British Library -- and informal partners -- the Deutsche Nationalbibliothek and other national libraries, the agencies that provide library services and products, the many MARC user institutions, and the MARC advisory committees such as the MARBI committee of ALA, the Canadian Committee on MARC, and the BIC Bibliographic Standards Group in the UK.