"A key focus for VeriSign in 2012 is getting their agreement
with ICANN and the U.S. Department of Commerce renewed. VeriSign
last renewed its deal with ICANN to operate the .com registry in
2006. VeriSign has administered the .com domain name space on
behalf of ICANN since 2001.
Bidzos explained that there's a new ICANN policy that became
effective January 1, 2012, in which their public comment periods
have changed from a single 30-day comment period to 2 comment
periods of 21 days each. In terms of the process the next event in
the renewal is a presentation of that agreement for comment, then
after that follows a formal approval by ICANN's Board of Directors.
After that, the .com TLD renewal also needs to be approved by the
U.S. Department of Commerce.
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