An international businessman, attorney and Republican, Schwartz defeated his Democratic opponent, former Nevada State Controller Kim Wallin, in 2014.

[8] In 1982, he briefly worked in corporate finance at Keefe, Bruyette & Woods in New York City before going on to work for Daiwa Capital Markets, where he started their mergers and acquisitions department and was a member of the team that underwrote the first Euroyen bond for an overseas company – Sears.

In September 1986, Schwartz founded his own boutique financial advisory firm, Ulmer Brothers, Inc., specializing in cross-border mergers and acquisitions.

[13] In 1998, Schwartz founded Qiosk.com, an online news aggregator and distributor, which became one of the early pioneers of delivering print publications via the internet.

[14] Schwartz entered a competitive race for United States House of Representatives in Nevada's newly created 4th congressional district.

[14] He finished behind current Nevada Secretary of State Barbara Cegavske and the eventual nominee Danny Tarkanian.

His campaign was largely focused on improving returns on the State's funds while protecting and expanding college scholarship and savings programs.

[17] Schwartz outlined his concerns in a three-page memo to the Senate Finance Committee, which among other issues, challenged the State's ability to implement the tax hikes at one time.

[20] After Schwartz's office adopted and published regulations, two court cases were filed against the ESA program.

The first lawsuit, by the ACLU (Duncan v. Nevada), was filed in Las Vegas and argued that the program was not constitutional.

"[21] District Court Judge Eric Johnson dismissed the case in May 2016, ruling the program to be "neutral with respect to religion.

[25] Schwartz repeatedly called into question the viability of a $1 billion Faraday Future electric vehicle plant in North Las Vegas, Nevada, after LeEco, the internet company belonging to the billionaire Chinese entrepreneur behind Faraday Future, Jia Yueting, suspended trading in his public company, Leshi, in December 2015.

[28] In December 2016, Leshi again suspended trading in its shares due to a cash crunch and rumored margin calls on borrowings by Jia Yueting.

On September 5, 2017, Schwartz announced that he intended to seek the Republican nomination for governor of Nevada[30] He later endorsed state attorney general Adam Laxalt who then lost to Steve Sisolak.

He has reduced the number of process days from 120 to same-day processing for unclaimed property claims, combined and strengthened the college savings program, refunded the State's debt to produce $80 million in annual savings, has authored bills to curb the abuses of payday loans, and suggested a major overhaul of the State's tax system.

Schwartz joined the Nevada Attorney General's office in arguing that the private suit could jeopardize the legal proceedings already underway, which included lawsuits filed by the American Civil Liberties Union and a group of parents.