possible regulation of political blogs?

From CNET News link
"Bradley Smith says that the freewheeling days of political blogging and online punditry are over.
In just a few months, he warns, bloggers and news organizations could risk the wrath of the federal government if they improperly link to a campaign's Web site. Even forwarding a political candidate's press release to a mailing list, depending on the details, could be punished by fines."

Haiya! Well, can bloggers claim the right to 'political speech'. I may be wrong on this but i recall an argument i heard awhile ago about the corporations' right to political speech. i.e corporations should be able to contribute to any political party as a form of expression. JJR, please elucidate if you would? I rather doubt that regulation will happen, but hey, who knew we'd be reading about extraordinary rendition