Passed the House of Representatives February 4, 2010.  NIST and DoD have long been active, directly or indirectly, in development of Internet standards. If this advances, it will be interesting to see if/how it impacts the IETF process.

Infoweek reported that:

A source familiar with HR 4061 and House procedures said that for it to make it to the Senate, the Homeland Security Committee and other House committees that deal with issues of cybersecurity would likely have to pass their own bills taking up similar issues. Those would then be joined with HR 4061, and that package then could be joined with Senate Bill 773 for approval in the Senate.

You'll remember S.773, the Rockefeller-Snow bill which proposed a Presidential appointed panel oversee any NTIA decision pertaining to IANA contract renewal, as well as required development of a strategy to implement DNSSEC in "information systems or networks designated by the President, or the President’s designee, as critical infrastructure information systems or networks."  The former, a central issue in Internet governance, is certainly still in play with the current contract expiring in 2011. The later, as we stated earlier, was effectively accomplished by NTIA's inquiry and subsequent decision to sign the root.