(The Hosting News) – The Internet Assigned Numbers Authority (abbreviated IANA) has been operated under the supervision of ICANN since January of 1999, and it will stay that way. It’s all thanks to contract renewal provided to ICANN by the U.S. Commerce Department.

Announced on Tuesday shortly following one of the organization’s public meetings in Prague, the new agreement provides for a three year oversight of the IANA by ICANN. It also includes renewal options and it will officially take effect at the beginning of October.

The IANA is notable for overseeing key internet issues such as DNS, Internet Protocol, TLDs and more. “This contract reflects the input of the stakeholders from around the globe and serves as an affirmation of support for ICANN and the multi-stakeholder model,” commented interim ICANN President and CEO Akram Atallah in a press release regarding the move.

The National Telecommunications and Information Administration was the part of the U.S. government agency that worked to approve the measure. ICANN has gained more attention in 2012. The organization has been notable for overseeing the application process for new gTLDs, extending domain suffixes that have long included the likes of .com, .net, .org and more.

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