Emergency and Disaster Assistance Fraud Penalty Enhancement Act of 2007

Emergency and Disaster Assistance Fraud Penalty Enhancement Act of 2007 - Amends the federal criminal code to impose a fine and/or prison term of up to 30 years for: (1) knowingly falsifying, concealing, or covering up by any trick, scheme, or device any material fact; or (2) making any materially false, fictitious, or fraudulent statement or representation, or making or using any false writing or document in any matter involving any benefit authorized, transported, transmitted, transferred, disbursed, or paid in connection with a major disaster or emergency declaration under the Robert T. Stafford Disaster Relief and Emergency Assistance Act, or in connection with the procurement of property or services by a contractor, subcontractor, or supplier during a major disaster or emergency declaration. Imposes a maximum fine of $1 million and/or prison term of 30 years for engaging in wire, radio, television, or mail fraud during a presidentially declared major disaster or emergency. Directs the U.S. Sentencing Commission to: (1) promulgate sentencing guidelines or amend existing guidelines to provide for increased penalties for persons convicted of fraud or theft offenses in connection with a major disaster or emergency declaration; and (2) submit to the House and Senate Judiciary Committees an explanation of its guidelines and additional recommendations for combating such fraud or theft offenses.