VeriSign has operated the dot-com registry since 1999 under a contract granted by ICANN. Though ICANN is a California-based non-profit company, some of its decisions, such as the awarding of major contracts, require federal approval.

"[The DOC is] respecting ICANN's authority and the contract it has made," said Steve DelBianco, executive director of the Netchoice Coalition. Netchoice is a collection of trade associations and e-commerce businesses, and has come out in support of the agreement.

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