Ixtoc I Oil Pollution Compensation Act of 1979

Ixtoc I Oil Pollution Compensation Act of 1979 - Directs the Secretary of Transportation to compensate U.S. claimants for economic losses resulting from oil pollution from the blowout of Ixtoc I in the Bay of Campeche, Mexico. Sets forth the procedure for making such claims or settling such claims. Permits a claimant, whose claim is denied or not settled within 60 days of presentation, to commence a district court action against the Secretary in lieu of resubmitting such claim to the Secretary for a decision.

Prohibits claimants receiving compensation from recovering under any other Federal or State law for the same injury. Permits States to impose additional requirements or liability.

Directs the Secretary to make a grant to the Texas Parks and Wildlife Department for the construction and operation of a saltwater fish hatchery. Stipulates that the amount of compensation payable to Texas shall be reduced by the amount of such grant.