The ICANN Board of Directors is scheduled to consider adoption of new ICANN Bylaws "on or about May 27, 2016."
"Once New ICANN Bylaws have been adopted, ICANN will notify NTIA. NTIA has stated that it needs to see that changes to the Bylaws have been adopted sufficient to implement the Transition Proposals before NTIA can complete its review of the Transition Proposals. Once adopted, the Bylaws are expected to [go] into effect in the event NTIA approves of the IANA Stewardship Transition Proposal and the IANA Functions Contract expires."--ICANN (emphasis and link added)Embedded below is May 25, 2016, draft (redline) of new ICANN Bylaws:
Embedded below is the 25 May 2016 draft (redline) of ICANN's Amended and Restated Articles:
Here are the links to the current (May 26, 2016) ICANN Bylaws and Articles of Incorporation.