Effective Corruption Prosecutions Act of 2007 - Amends the federal criminal code to: (1) extend to eight years the statute of limitations for certain public corruption offenses involving bribery, theft of government funds, mail fraud, and racketeering; and (2) permit interception of wire, oral or electronic communications in connection the crimes of theft of federal funds or bribery (federal program bribery) and include such crimes within the definition of racketeering for purposes of the Racketeer Influenced and Corrupt Practices Act (RICO).
Authorizes appropriations for additional Department of Justice personnel to investigate and prosecute public corruption offenses.