Yup. Think about what happened when the Internet Society almost sold the .org TLD to Ethos Capital and they were planning on raising the registration prices by a lot.
If you really want to get upset, go look what the NTIA did with the 2018 renewal of the .com agreement. Prior to 2018, the US DoC had a significant amount of oversight and control. The 2018 renewal pretty much gave .com to Verisign. The only thing the US DoC can do now is renew the contract as-is or withdraw.