The 2011-2012 Finance Committee was chaired by Kerry A. Benninghoff (Majority) and Phyllis Mundy (D). The Vice Chairs were Gordon Denlinger (Majority) and Matthew Smith (D). The Secretaries were Eli Evankovich (Majority) and Kevin J. Boyle (D).

Some of the major topics discussed during the 2011-2012 session were Marcellus Shale Drilling, Property Taxes for Senior Citizens, Disease Management Tax Credit, Updates to the Commonwealth's Tax Policies and Procedures, Tax Incentives for Employers, and Consolidation of Local Tax Collectors.