Watch Bombuj. The second inauguration of Ronald Reagan as president of the United States was held in a televised ceremony on January 20, 1985, at the White House, and was repeated the following day, January 21, 1985, at the Capitol's rotunda. This was the 50th presidential inauguration and marked the commencement of the second and final four-year term of both Ronald Reagan as president and of George H. W. Bush as vice president.