For more on the binding federal standards that apply to the IANA function, see ICANN and the Data Quality Act.
From: FCW
By Adam Mazmanian
An ambitious deadline to transition U.S. control over a key piece of global Internet architecture to an international multi-stakeholder group will likely not be met. The U.S. currently controls the core address book of the Internet – the root zone file that maps web addresses in top level domains (like .com and .uk).
The IANA function (short for Internet Assigned Numbers Authority) is in the process of being devolved from the National Telecommunications and Information Agency, a Commerce Department component, to a global group constituted of stakeholders in the technology community. The move has been planned for about 17 years, but accelerated in March 2014, when NTIA head Larry Strickling announced plans to convene an international process to decide what kind of entity would take over for the U.S. as the trustee for global Internet.
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