A conduit reamer with a lanyard receiver, inner and/or outer cutting blades is provided. The lanyard receiver is located along an axis of the handle near the tool's center of gravity. For example, the lanyard receiver is located between the handle and a bit retainer near the center of gravity. In this orientation, the lanyard receiver prevents tipping of the conduit reamer and retains the bit within the bit retainer when the conduit reamer is dropped. The inner and outer cutting blades include an acute angle that is between 45 and 90 degrees to deburr an end of a conduit.