An updated internet-draft is available from the IETF.
Abstract: «This is a submission for the creation of an new IANA Time Zones registration process. This is a registry for iCalendar “VTIMEZONE” calendar component information. Time zones and their definitions are required in order to schedule and synchronize meetings and software. The condition in which these time zones change are subject to civil authority rulings are are not always determinable by software algorithms.»