U.S. Government Formally Extends Agreement to Retain Control of ICANN
Via Reuters.
The U.S. Commerce Department said on Friday it would retain its oversight of the company that manages Internet domain names, renewing an agreement that was scheduled to expire this weekend.
The government said it signed a new three-year agreement with the Internet Corporation for Assigned Names and Numbers (ICANN), which controls addresses such as ".com" and country domain names such as ".cn" for China.
The new agreement aims to eventually turn over control of ICANN to the private sector, and calls for a review in 2008 of ICANN's progress toward becoming more accountable, the government said.
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