After months of intense international scrutiny over ICANN’s rollout of the New gTLD program and just days after the first round of new TLD applications closed, it’s been revealed the U.S. Congress formed a committee whose function is to stop New gTLD’s.
With corporate support from Verizon, Proctor & Gamble, American Broadcasting Company (ABC), Hewlett Packard, Motorola among others, the committee has already been working with lawmakers on legislation that will effectively freeze ICANN’s ability to implement the New gTLD’s through the international DNS.
Republican congressman Peter T. King of New York said: “The New gTLD program is perhaps the worst idea in the history of the Internet.” and “..if we allow gTLD’s it will cost corporate America billions of dollars, cybersquatting will run rampant.”
Since being exposed the committee, dubbed EESP (End Extension Squatting Programs) has come forward and confirmed it’s plans to stop the gTLD rollout. While specifics of the legislation to halt gTLD’s have not been shared publicly, a spokesman for the group said that all applicants will receive 100% refund from ICANN but it may be months before they can expect to receive their application fee refunds. Read More on CNN.com
Now that’s a good one 🙂
U got me…
My $500,000 investment down the drain?!? Nooooooooo!!!
Good time to implement stop.gLTD…..
correction,
stop.gTLD
Is true, will be more expensive to manage all the issues associated with the new gTLDs that the benefits provided to users, companies and all the entire internet.
I am seeing a government who want to stop the spread of wealth
to the ordinary. The govt wants the rich to be rich and the poor
to be poor.
If they think cyber squatting is their nightmare, they should not
sleep.
Sounds like the ultimate April Fool’s prank to me…