This document comprises a copy of a bill (S. 1270) and transcripts of hearings held in the U.S. Senate to amend Title 17, United States Code, regarding the Copyright Royalty Tribunal (CRT). An opening statement by Senator Dennis DeConcini of Arizona, the text of comments and materials submitted by R.E. Turner of the Turner Broadcasting System, Stephen R. Effros of the Community Antenna Television Association, and Shane O'Neil of RKO General, Inc., are included. In his opening statement, DeConcini states the purpose of the subcommittee on Patents, Copyrights and Trademarks as exploring with the members how best to protect intellectual property in this era of expanding technology. Noting that cable television will be one of the technologies with the greatest impact, he briefly describes the situation as follows: The Free Market Copyright Royalty Act of 1983 was introduced to bring equity in the relationship between copyright holders and one group of users of copyright materials, i.e., national cable broadcast networks. S. 1270 is designed to provide a free market alternative to an artificial government-imposed relationship between parties and imposed decision-makers at the CRT. Originally created to serve as an effective and fair referree in a legally and economically complex area, the CRT was charged by Congress in 1976 to adjust the royalty rate set by statute for the retransmission of distant non-network television programs under a compulsory license if certain rules and regulations of the Federal Communications Commission were changed. The focus of this document is a reconsideration of the anticompetitive effects of the CRT decison and the statute--S. 1270--upon which it is based. (THC)