The Commerce Committee was chaired by Dick L. Hess (Majority) and Peter J. Daley (D). The Subcommittee Chairs on Economic Development were C. Walker Metzgar (Majority) and Adam Ravenstahl (D). The Subcommittee on Financial Services and Banking was chaired by Bernard T. O'Neill (Majority) and Jaret Gibbons (D). The Subcommittee Chair on Housing was Mike Fleck (Majority) and Robert F. Matzie (D). The Subcommittee Chair on Small Business was Jim Marshall (Majority) and Rick Mirabito (D). The Secretary was Donna Oberlander (Majority) and Sid Michaels Kavulich (D).

The 2011-2011 Commerce Committee discussed Modernizing Banking, including Law Modernization and Technology Modernization, ATM Fees, Economic Development, Dodd-Frank Lending Limits, and the Sheriffs' Sales Homeownership Assistance Program.