In 1999, the American National Standards Institute released standard 107-1999 for high-visibility safety garments. That standard specified how much brightly-colored material and reflective material should be in safety garments worn under various types of hazardous conditions.
This guide from 3M provides further information about standard 107-2004, which supercedes standard 107-1999.
Standard 207-2006 addresses the needs of public safety personnel, with specifications for vests designed to allow access to belt-mounted equipment, and to break away if grabbed or caught. Such vests are shorter, so as not to cover equipment belts, and are held together with velcro.
The 2009 version of the Federal Highway Administration's Manual on Uniform Traffic Control Devices now requires all workers on public roads to wear high-visibility apparel. The rule specifies ANSI 107 Class 2 or 3 garments; emergency responders and law enforcement personnel can also wear ANSI 207 vests, and have other exemptions. The rule is found in MUTCD Chapter 6D on pedestrian and worker safety.