Reform of Export Notification Act of 1985

Reform of Export Notification Act of 1985 - Directs the Director of the Office of Management and Budget to prepare an annual report summarizing all final agency actions and any additional action taken during the preceding fiscal year with respect to banned or severely restricted substances. Directs the State Department to disseminate this information to the public and to foreign governments.

Prohibits the export of such substances unless: (1) the exporter provides written notice to the agency responsible for enforcing the law applicable to the substance stating the intent to export the substance and its destination; (2) the agency provides the Secretary of State with a statement containing certain information; and (3) the Secretary delivers a copy of this statement to an appropriate official of that country.

Specifies that the Act does not authorize public disclosure of bona fide trade secrets or other confidential business information.

Defines the term "banned or severely restricted substance" for purposes of this Act (includes certain foods, drugs, consumer products, and chemicals).