Loan Accounting Reform and Deficit Reduction Act of 1986

[AI summary unavailable — showing source text] Loan Accounting Reform and Deficit Reduction Act of 1986 - Requires any Federal agency which makes a direct loan after October 1, 1986, to transmit to the Treasury the loan obligation and such information concerning the borrower as the Treasury needs in order to sell the obligation. Authorizes the Treasury to disclose such information to the extent necessary to sell the obligation. Directs the Treasury, within 90 days after an agency has made a direct loan, to sell the resulting obligation to the highest bidder at a public auction. Permits the Treasury to sell such an obligation through pooled participation arrangements only to the extent that such arrangements permit the proper allocation of subsidy costs to the appropriate budget account. Declares that such obligations shall be sold without recourse to the Government and with no Government guarantee. Directs the Treasury to: (1) collect a fee for its costs of acting as agent for any agency in selling an obligation; (2) formulate standard contracts to be used by agencies when making loans; and (3) report to the Congress annually on all loan sales under this Act. Requires the amount of any subsidy for a direct loan made by an agenc…