NIST = National Institute for Standards and Technology
NISTIC = National Strategy for Trusted Identities in Cyberspace
I know, our collective eyes are glazing over! Its OK.
The important part of this is that the agency has been moved into the private sector, which is usually a good thing. We'll keep watching as we all collectively want better governance guided by sensible, sound policy, with input from folks like you and me.
NIST hands off NSTIC to private sector - FierceGovernmentIT