ALA has released Lessons From History: The Copyright Office Belongs in the Library of Congress.
Here's an excerpt from the announcement:
Prompted by persistent legislative and other proposals to remove the CO from the Library in both the current and most recent Congresses, [Alisa] Holahan's analysis comprehensively reviews the history of the locus of copyright activities from 1870 to the present day. In addition to providing a longer historical perspective, the Report finds that Congress has examined this issue at roughly 20-year intervals, declining to separate the CO and Library each time.
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