If the song has just a single songwriter, figuring out who holds ownership is pretty easy.
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Library of Congress registration is NOT required for copyright protection.
Known as "intellectual property rights," these rights are granted by federal law (with more than 160 countries having treaties honoring each country's intellectual property laws, see our FAQ #9).
The material protected can be pretty much anything original - a beat, a full song, a musical instrumental, or just lyrics or a poem.
The creator of such material is granted these exclusive rights to make copies of the music, or distribute, play it, or make new versions (or remixes) of the originals.
These are "ownership" rights that usually got to the actual of the original work, both the music and the lyrics.