Senate Bill 692 proposes to amend the Uniform Controlled Substances Act by reclassifying carfentanil from a synthetic opiate under Schedule II to a fentanyl analog under Schedule I. This change reflects a shift in how carfentanil is regulated, aligning it with more dangerous substances. The bill establishes penalties for individuals who manufacture, distribute, or possess carfentanil with intent to distribute, categorizing the offenses based on the quantity involved. Specifically, possession of 10 grams or less is classified as a Class E felony, while amounts exceeding 10 grams but not more than 50 grams are classified as a Class D felony, and amounts over 50 grams are classified as a Class C felony.

Additionally, the bill includes a renumbering of the relevant statute from 961.16 (3) (cm) to 961.14 (2) (nd) 9g. This legislative change aims to enhance the legal framework surrounding the control of carfentanil, reflecting its potential dangers and the need for stricter penalties to deter its illegal distribution and use. The Joint Review Committee on Criminal Penalties may also be involved in assessing the implications of this new crime classification and its associated penalties.