Oil Cartel Domestic Investment Limitation Act of 1979

[AI summary unavailable — showing source text] Oil Cartel Domestic Investment Limitation Act of 1979 - Title I: Prohibition Against Ownership - Prohibits any oil cartel person from acquiring or holding after 18 months from enactment of this Act any interest in United States agricultural land or in an energy concern. Requires such person to report such holdings to the Secretary of Agriculture, in the case of agricultural land, and to the Secretary of Energy, in the case of an energy concern. Directs the Secretaries to acquire the interest by eminent domain of such persons who hold their interest after 18 months from enactment of this Act. Authorizes the Attorney General to seek an injunction or restraining order if any oil cartel person seeks to acquire any interest in agricultural land or an energy concern. Establishes civil penalties for violations of this Act or conspiracies to violate this Act. Directs the Secretaries acquiring interests pursuant to this Act to sell such interests at a public auction. Defines "oil cartel nation." Sets forth a procedure for nations to be added or deleted from such definition. Gives Congress the right to disapprove such addition or deletion within 90 days. Title II: Amendment to the Mineral La…