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In September, a three-year agreement was reached giving the Internet Corporation for Assigned Names and Numbers (ICANN), the non-profit body formed in 1998 and assigned oversight responsibility on behalf of the U.S., greater autonomy.
CENTERFORSECURITYPOLICY: Beijing strangles the internet
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RESTON, VA--(Marketwire - Nov 30, 2012) - VeriSign, Inc. (NASDAQ: VRSN), the trusted provider of Internet infrastructure services for the networked world, today announced the U.S. Department of Commerce approved the renewal of Verisign's agreement with the Internet Corporation for Assigned Names and Numbers (ICANN) to serve as the authoritative registry operator for the .com registry (the "2012 .com Registry Agreement") for the term commencing on Dec. 1, 2012 through Nov. 30, 2018 with certain new terms and conditions.
ENGADGET: Department of Commerce renews VeriSign control of .com registry, demands price freeze
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Allowing a wider variety of domains to exist will create more choice on the Internet and potentially spur innovation, according to the Internet Corporation for Assigned Names and Numbers, or Icann, the nonprofit that regulates the world's Internet domain names.
WSJ: The Race to Nab Web Addresses