To amend the Federal Election Campaign Act of 1971 to exclude communications over the Internet from treatment as public communications for purposes of such Act.

Internet Anti-Corruption and Free Speech Protection Act of 2005 - Amends the Federal Election Campaign Act of 1971 to exclude from coverage by the Act as a public communication any communication over the Internet, except one placed on another person's website for a fee, or made by: (1) any national bank, corporation (other than a web log operator), or labor organization; (2) a state, district, or local committee of a political party; or (3) any political committee.