What 29 CFR 1926.304 requires (plain English)
29 CFR 1926.304 covers woodworking tools in construction: the fixed power-driven machines (table saws, radial arm saws, band saws, jointers, planers, and similar) used to cut and shape wood on and off the jobsite.
Its first requirement is a disconnect switch: all fixed power-driven woodworking tools must be provided with a disconnect switch that can be either locked or tagged in the off position. This is what lets a machine be positively de-energized and secured before a worker changes a blade, clears a jam, or reaches into the cutting area: a lockout/tagout capability built into the machine. The standard then requires guarding of the blades and cutting heads (with the type of guard appropriate to the machine, for example, a self-adjusting hood guard over a circular saw blade) and safe operation, and it incorporates by reference the ANSI O1.1 safety standard for woodworking machinery for the detailed machine requirements.
Because woodworking machines are a leading source of amputations and severe lacerations, 1926.304 combines the ability to reliably shut off and lock out the machine with guarding of its cutting elements. Together with the lockout/tagout requirements, these provisions keep the exposed, fast-moving blades and cutters from reaching the operator's hands.