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===FTC Reaction on ICANN New gTLD Program===

===FTC Reaction on ICANN New gTLD Program===

A report published by High Tech News Today Website suggested that the FTC does not support ICANN's new [[gTLD]] program, despite the approval of the majority the ICANN Board of Directors.<ref>[http://www.hightechnewstoday.com/jun-2011-high-tech-news-archives/102-jun-20-2011-high-tech-news.shtml ICANN at the center of a controversial challenge, again]</ref>

A report published following the June, 2011 approval of ICANN's new gTLD program by High Tech News Today Website suggested that the FTC did not support ICANN's program.<ref>[http://www.hightechnewstoday.com/jun-2011-high-tech-news-archives/102-jun-20-2011-high-tech-news.shtml ICANN at the center of a controversial challenge, again]</ref>

In December, 2011, FTC Chairman, [[Jon Leibowitz]] said that the gTLD program could be a "disaster" for consumers and businesses. The statements were made during a testimony to the House Judiciary Intellectual Property Subcommittee on Antitrust Enforcement. He was concerned that the program would be expensive for businesses and trademark owners, and could hamper his agency's ability to fight cyber fraud. All in all, he saw it as a costly option for businesses and consumers, with little benefit. The hearing came before a scheduled December, 8th, Senate hearing on new gTLDs, and also a gTLD focused meeting by the house scheduled for a week later.<ref>[http://www.thedomains.com/2011/12/07/ftc-chairman-comes-out-swinging-against-icanns-new-gtld-plan/ FTC Chairman Comes out Swinging Against ICANNs New gTLD Plan, TheDomains.com]</ref>

==References==

==References==