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"The United States Department of Commerce has executed a new contract with the Internet Corporation for Assigned Names and Numbers (ICANN) to continue to perform the IANA (Internet Assigned Numbers Authority) function.
The IANA function includes Internet Protocol (IP) address space allocation, protocol identifier assignment, generic (gTLD) and country code (ccTLD) Top-Level Domain name system management, as well as root server system management functions.
"In executing this contract the Department of Commerce has confirmed that ICANN is uniquely positioned to perform this function," said Dr. Paul Twomey, President and CEO of ICANN.
New Contract For ICANN [icann.org]