Slashdot promoted the press release with its typical inaccuracy, with very few commenters actually bothering to read what Section 220 actually said. In fact, the bill only required registration for bloggers with audiences of 500 or more people who are paid. And not just paid, but paid at least $25,000 per quarter. And not just paid at least $25,000 per quarter, but paid at least $25,000 per quarter by a client to promote lobbying on a political issue.
Specifically, Section 220 required "paid grassroots lobbying firms" to register and file reports, and defined those as a person or entity that "is retained by 1 or more clients to engage in paid efforts to stimulate grassroots lobbying on behalf of such clients; and receives income of, or spends or agrees to spend, an aggregate of $25,000 or more for such efforts in any quarterly period."
The Captain's Quarters blog was one of those that correctly identified the misinformation from Viguerie. Viguerie has been a major player in U.S. politics for a long time, and is described as follows in my "Fundamentalism is Nonsense" pamphlet (6th edition, 1986):
Richard A. Viguerie, of the Richard A. Viguerie Company of Falls Church, Virginia, runs one of the largest direct mail fundraising companies in the country. He has raised money for such organizations and individuals as the Panama Canal Truth Squard, Gun Owners of America, the American Security Council, Citizens for Decency Through Law, Terry Dolan's National Conservative Political Action Committee (NCPAC), the Conservative Caucus, and the Committee for the Survival of a Free Congress, Senators Jesse Helms (NC), Jim McClure (ID), Orrin Hatch (UT), William Armstrong (CO), John Warner (VA), and Representatives Philip Crane (IL), Mickey Edwards (OK), Larry McDonald (GA), and Phil Gramm (TX). Viguerie also publishes the magazine Conservative Digest [Conway 82, pp. 83-84, 87].The reference is to Flo Conway and Jim Siegelman's 1982 book, Holy Terror: The Fundamentalist War on America's Freedoms in Religion, Politics, and Our Private Lives (Doubleday).
Viguerie's efforts were successful, and Section 220 was removed from S. 1 by Senate Amendment 20.