The Online Freedom of Speech Act has failed to pass the House of Representatives. The bill would have exempted websites and blogs such as this one from the Federal Election Campaign Finance Act of 1971.
The purpose and spirit of FECFA was to prevent wealthy people and corporations from excessesively influencing federal elections. The House Democrats that voted against this bill were worried that OFSA would allow a massive loophole in FECFA.
However, as the law currently stands, FECFA could be used as a legal club against anyone with a political website or blog. Would they really come after me for speaking my mind online?
Let's find out. I hearby announce that I have no intention of making an effort to comply with the Federal Election Campaign Finance Act of 1971 when it comes to posts and comments made on my personal blog. I shall repeat this announcement next year, an election year in which that law will become relevant. Come and arrest me. I could use the publicity.