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ICANN and US Commerce Department Extend Agreement Through September 2003

20 September 2002

Marina del Rey, California USA (20 September 2002) – The Internet Corporation for Assigned Names and Numbers (ICANN) and the United States Department of
Commerce today announced that they agreed to extend their joint Memorandum of Understanding for another year until 30 September 2003.

"We are pleased that the Department of Commerce and ICANN were able to reach agreement on what would best serve the global Internet community. The continued cooperation and support of the Department of Commerce will allow ICANN to complete its ongoing reform processes, and to resume progress towards its stated goals," noted ICANN President/CEO M. Stuart Lynn.

On 25 of November of 1998, the United States Government entered a Memorandum of Understanding with ICANN, recognizing it as the private-sector, not-for-profit corporation that should assume a set of technical coordination and related policy development responsibilities for the Internet. ICANN has made significant progress since its inception. For example, ICANN recently rolled out seven new top level domain names like ".name", ".museum,"".biz" and ".info" to join the familiar ".com," and has enabled robust competition in the business of selling domain name registrations, resulting in dramatically lower prices and improved services for consumers.

The MOU has twice before been extended for one-year periods. This third extension includes several jointly developed modifications that ensure that ICANN can better serve the Internet community.

In summary, the extended MOU states, among other provisions, that:

ICANN’s overarching goal is to maintain stability and security in the technical management of the Internet’s naming and address allocation systems, based on core principles of competition, bottom-up coordination, and open participation by the global Internet community.

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This file last modified 26-Aug-2009

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