The Center for Competitive Politics Blog notes that the Blogger Protection Act of 2008 was introduced. 

The proposed legislation, introduced today, guarantees blogs the same protections granted to other forms of media under federal campaign finance laws. “Bloggers deserve to have their First Amendment rights secured in statute,” said Bradley A. Smith, chairman of the Center for Competitive Politics. “Blogs have transformed the political process and made communication among citizens exponentially easier.”   

The legislation also protects bloggers from ever being considered to have made a contribution or expenditure on behalf of, or in opposition to, a candidate by simply linking to campaign websites or writing about the positions of federal candidates.   

This legislation could not have come at a more important time.  As a recent Washington Post story put it,

This interactive medium is rebooting the first three words of the 220-year-old U.S. Constitution for the 21st century.

Online, “We the people . . . ” takes on a whole new meaning.