Blackstone Inc. (BX) Risk Factors

Recent key developments

Concrete developments — dated events, named agreements and instruments, legal proceedings — that Blackstone Inc. surfaced in its latest filing.

• In January 2026, the U.S. Federal Reserve held interest rates steady.January 2026
• In February 2026, drew $900.0 million under the Revolving Credit Facility.February 2026
• $4.325 billion revolving credit facility with a final maturity date of October 16, 2030.October 16, 2030
• In January 2026, a U.S. executive order sought to restrict institutional investor ownership of single-family homes.January 2026
• In August 2025, a U.S. executive order on Democratizing Access to Alternative Assets for 401(k) Investors was issued.August 2025
• On July 4, 2025, President Trump signed into law the One Big Beautiful Bill Act (OBBBA), making significant changes to the U.S. Internal Revenue Code, including extending or reinstating Tax Cuts and Jobs Act provisions and curtailing clean energy subsidies from the Inflation Reduction Act.July 4, 2025
• In February 2026, a U.S. Supreme Court ruling invalidated many but not all recent tariffs, followed by a global tariff imposed by the administration under a different law.February 2026
• G7 countries announced a shared understanding on June 28, 2025, for a side-by-side system exempting U.S.-parented groups from certain Pillar Two proposals.June 28, 2025
• The SEC adopted amendments to Regulation S-P effective in 2025 imposing data breach notification requirements and obligations to oversee service providers.2025
• A U.S. Department of Justice rule effective in 2025 prohibits or restricts transactions involving bulk sensitive personal data with foreign persons connected to designated countries of concern including China.2025
• The EU adopted the Artificial Intelligence Act in 2024.2024
• The NAIC increased the applicable capital charge of residual tranches or equity securities of asset-based securitizations from 30% to 45% in respect of life insurers in 2024.2024
• BELL began reporting certain U.K.-law required climate-related financial information in line with the TCFD's recommendations in June 2024.June 2024
• In April 2023, the Federal Trade Commission, U.S. Department of Justice, Consumer Financial Protection Bureau, and U.S. Equal Employment Opportunity Commission released a joint statement on artificial intelligence.April 2023
• In October 2023, an executive order established new standards for AI safety and security.October 2023
• In August 2023, an executive order established an outbound investment screening regime.August 2023
• In January 2025, an Annex identified China, Hong Kong, and Macau as 'countries of concern' under the outbound investment screening regime.January 2025
• In February 2025, a U.S. Presidential memorandum was issued regarding enhanced restrictions on outbound investments into China and Chinese investments into the U.S.February 2025
• A number of U.S. states are passing laws prohibiting or restricting acquisition of real property by foreign persons.
• Certain changes to AIFMD coming into effect in 2026 may limit leverage in certain funds.2026
• The SEC will examine our compliance with a FinCEN rule scheduled for January 2028 requiring certain investment advisers to adopt an AML/CFT program.January 2028
• The Iran Threat Reduction and Syria Human Rights Act of 2012 requires disclosure of dealings with Iran or sanctioned entities like the Russian Federal Security Service.2012