New Internet domain names a .fail, Washington says

Several lawmakers are nervous that allowing so many new Internet domain names could cause consumer confusion, threaten the intellectual property of trademark owners and force corporations to buy their brands and names — not to actually use but to keep them out of the hands of others. But efforts to slow down the change, including hearings held in December, didn’t keep the industry from forging ahead — a reminder that fast for Congress still isn’t cyberspeed.