No surprise here--Domain Mondo said this whole IANA Transition thing was a "done deal" months ago: IANA Transition a Waste of Time, Decision Has Already Been Made. After all, Google and Vint Cerf said as much in a YouTube video published in July.
On the other hand, Kieren McCarthy reports that some Republicans (Congressman Mike Kelly et al) might have a different idea consisting of of real oversight of ICANN and real separation of the IANA functions from ICANN dysfunctionality. Kelly's bill (pdf).
From Kelly's press release: Rep. Kelly Introduces Defending Internet Freedom Act of 2014 | Congressman Mike Kelly: "U.S. Representative Mike Kelly (R-PA) – a member of the House Ways and Means Committee – issued the following statement today after introducing H.R. 5737, the Defending Internet Freedom Act of 2014. The legislation would prevent the Obama administration, or that of any future president, from relinquishing the critical functions of the Internet – currently stewarded by the United States – to any other entity without enhanced congressional oversight and until explicit, freedom-protecting requirements are met. It is being co-sponsored by House Homeland Security Committee Chairman Michael McCaul (R-TX), who also serves as chairman and co-founder of the Congressional High Tech Caucus..."