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The Reversionary Interest Conveyance Act authorizes the Secretary of the Interior, through the Bureau of Land Management, to sell the United States' reversionary interests in approximately 8.43 acres of land in Sacramento, California. Reversionary interests are rights the federal government holds that could cause land ownership to revert back to the government under certain conditions. This bill targets specific parcels under federal administrative jurisdiction but owned by private parties. The owners of record of these parcels can request to purchase these reversionary interests at fair market value, determined by professional appraisals following federal standards. Buyers must also cover all related costs such as surveys and administrative fees. The proceeds from these sales will be deposited into a federal land disposal account to be used according to existing law. The bill includes protections to maintain existing rights-of-way for railroad tracks and clarifies that it does not validate any land claims based on adverse possession or abandonment unless previously confirmed by the Southern Pacific Transportation Company. This legislation aims to resolve uncertainties about land ownership by allowing private owners to fully acquire interests held by the federal government, potentially facilitating development or other land uses.