Deal Struck Over .com Future
Verisign has been the administrator over the .com address since 1999, and will continue to be until at least 2012. The new deal which has been approved by the US Government will give Verisign complete control over the .com address, and has the right to manipulate .com prices to a certain degree.
"Details of that deal were handed over to the US Department of Commerce in March 2006. Although the internet is increasingly an international phenomenon, the US retains the right to rubber-stamp Icann decisions on how the infrastructure operates.
The National Telecommunications and Information Administration, an agency of the US Department of Commerce, has spent the last nine months scrutinising the proposed agreement and reviewing comments made on it by net bodies and companies."