End the Trade Deficit Act - Establishes the Emergency Commission To End the Trade Deficit to develop a trade policy plan to eliminate the U.S. merchandise trade deficit and to develop a competitive trade policy for the 21st century.
Requires the Commission to report to the President and to Congress on: (1) its findings and conclusions; (2) a detailed plan for reducing both the overall trade deficit and specific bilateral trade deficits; and (3) any recommendations for administrative and legislative actions necessary for such reductions.
Prohibits the President from submitting to Congress any free trade agreement or legislation implementing one until: (1) the report has been delivered to Congress and to the President; and (2) specified congressional committees have completed a hearing on it.