On November 25, 1998, the Department of Commerce formally recognized ICANN as the new organization responsible in administering the DNS through a Memorandum of Understanding signed by both parties.<ref>[http://www.ntia.doc.gov/report/2000/second-status-report-department-commerce-icann Second Status Report Under ICANN/US Government Memorandum of Understanding]</ref> | On November 25, 1998, the Department of Commerce formally recognized ICANN as the new organization responsible in administering the DNS through a Memorandum of Understanding signed by both parties.<ref>[http://www.ntia.doc.gov/report/2000/second-status-report-department-commerce-icann Second Status Report Under ICANN/US Government Memorandum of Understanding]</ref> |