Federal Employees Paid Parental Leave Act of 2007 - Allows federal employees to substitute any available paid leave for any leave without pay available for either the: (1) birth of a child; or (2) placement of a child with the employee for either adoption or foster care. Makes available for any of the 12 weeks of leave an employee is entitled to for such purposes: (1) eight administrative weeks of paid leave in connection with the birth or placement involved; and (2) any accumulated annual or sick leave.
Amends the Congressional Accountability Act of 1995 to allow the same substitution for covered congressional employees.