On 14 March 2014, the NTIA announced that it intended to relinquish its oversight of the IANA functions in favor of the global multistakeholder community and instructed the community to develop a proposal for the transition.<ref>[http://www.ntia.doc.gov/press-release/2014/ntia-announces-intent-transition-key-internet-domain-name-functions NTIA Announces Intent to Transition Key Internet Domain Name Functions] | On 14 March 2014, the NTIA announced that it intended to relinquish its oversight of the IANA functions in favor of the global multistakeholder community and instructed the community to develop a proposal for the transition.<ref>[http://www.ntia.doc.gov/press-release/2014/ntia-announces-intent-transition-key-internet-domain-name-functions NTIA Announces Intent to Transition Key Internet Domain Name Functions] |