Layer styles? Collapse transformations? Check those things.
This question is impossible to answer with anything but a guess without knowing what the structure of your comp. Likely suspects would be some of the things that Mylenium has mentioned. There's something different about that layer.
If you can not figure out what is different the easiest fix would be to delete the second layer, duplicate the first one, adjust the timing and position of the first one so that it works like the second one, then replace the footage in the duplicate first layer with the footage originally in the first by selecting it, the new second layer, in Timeline then selecting the original second layer footage in the Project Panel and Alt/Option + Drag it to the timeline.
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If you had posted this screenshot many contributors could have solved your problem instantly.
Can you see the problem? Your comp view is set to track-cam and the camera in point is after the second shot. After Effects always renders the Active Camera. The Active Camera is the top camera in the timeline. In this case, the active camera is the default camera. Setting the 3D view always gives you the view from the camera selected. There's no bug here, it's standard behavior and it's been that way since AE got 3D layers.
Change this comp view to Active camera and you'll see exactly what you see in the render comp. Change the in-point of track-cam to frame 1 and you have solved your problem. This is a great example of why it's important to give us as much information about your project when you first ask the question and why screenshots are important.
Ah, yes that makes sense now. I had changed that parameter earlier and I must have forgotten about it. It made no sense looking back but it makes sense now. Thanks.