Rep. Greg Pence (IN-6) visited with students at Triton Central Middle School on Monday to participate in the SIFMA Foundation’s Capitol Hill Challenge program, underwritten by the Charles Schwab Foundation.
The 14-week financial education competition pairs members of Congress with public schools in every congressional district nationwide, equipping middle and high school students to become financially capable and civics minded.
Rep. Pence spoke with student teams who are managing a hypothetical $100,000 investment portfolio this semester of listed stocks, bonds, mutual funds and impact investments. The students are also learning about saving, investing and the global capital markets.
The competition uses the SIFMA Foundation’s curriculum-based Stock Market Game, a financial education program that is proven to advance students’ performance on math and economics tests and improve students’ and teachers’ personal financial behavior.
“For more than a decade, the SIFMA Foundation’s Capitol Hill Challenge and Stock Market Game have helped students from around the country become financially capable,” said Kenneth E. Bentsen, Jr., SIFMA president and CEO. “Our industry is committed to helping students learn the importance of saving and investing, while also providing them a solid foundation to achieve their future financial goals. I’d like to give special thanks to lawmakers like Rep. Pence who are connecting personally to engage students on these important issues.”
Managing Director for Legislative and Regulatory Affairs at Charles Schwab Jeff Brown said that since day one, Schwab made a commitment to making investment and financial education accessible to everyone.
“Our support of the Capitol Hill Challenge is an extension of our commitment to advocating for more financial literacy programs and to giving people the education and tools they need to take control of their financial futures,” he said. “We applaud Congress for its commitment to advancing students’ understanding of personal finance.”
SIFMA Foundation President Melanie Mortimer said the foundation understands how critical it is to inform and prepare young people for their financial lives.
“Through public-private collaborations like the Capitol Hill Challenge, the SIFMA Foundation is pleased to work with every US Member of Congress and Charles Schwab to bring financial capability to public schools nationwide,” she said. “We thank Congress for this commitment, and we commend leaders like Rep. Pence who enhance the program’s impact by virtually visiting their local schools.”
Since the Capitol Hill Challenge began in 2004, the program has coordinated more than 7,000 matches of US representatives and senators with schools, reaching more than 158,000 students. Middle and high school students from all 50 states, American Samoa, Guam, Puerto Rico, Virgin Islands, and the District of Columbia are participating in this year’s competition.