did not immediately affect how ICANN performs its role. On March 11, 2016, NTIA announced that it had received a proposed plan to transition its stewardship role over the root zone, and would review it in the next 90 days.

The proposal was adopted, and ICANN's renewed contract to perform the IANA function lapsed on September 30, 2016, resulting in the transition of oversight responsibility to the global stakeholder community represented within ICANN's governance structures. As a component of the transition plan, it created a new subsidiary