This September 29, 1976, report of the joint Senate-House of Representatives Conference Committee contains the amended text of a proposed new copyright law. An explanation of the specific points of conflict in the House and Senate versions of the bill and the resolutions suggested by the Conference Committee are appended. As reported out of the committee, the bill includes limitations on the exclusive rights of copyright owners through the authorization of "fair use" of copyrighted material for nonprofit educational purposes, reproduction of limited copies of phonorecords by libraries and archives for purposes not including commercial advantage, certain performances and displays of dramatic or musical works, limited secondary transmissions and primary transmissions, plus specified copying of performances by a transmitting organization. The bill defines the scope of the exclusive rights of copyright holders and the restrictions on the use of various technologies--coin operated phonorecord players, computers and similar information systems, and photocopiers. The bill specifies the functions of the Copyright Office. The penalties for the transportation, sale, or receipt of phonograph records, tapes, or films bearing forged or counterfeit labels are specified. (KB)