Preventing Harassment through Outbound Number Enforcement Act of 2007 or the PHONE Act of 2007- Amends the federal criminal code to prohibit: (1) using or providing false caller ID information with the intent to wrongfully obtain anything of value (imposes a fine and/or prison term of up to five years) or using or providing such information without authorization and with intent to deceive any person or other entity about the identity of the caller (imposes a fine and/or prison term of up to one year); or (2) attempting or conspiring to do so.
Exempts from the prohibitions of this Act: (1) lawfully authorized investigative, protective, or intelligence activities of a federal, state, or local law enforcement agency or U.S. intelligence agency; or (2) activities relating to witness protection.
Provides for forfeiture of property traceable to a violation of this Act or of equipment, software, or other technology used to commit a violation of this Act.
Includes fraud and related activity in connection with electronic mail and caller ID spoofing as predicate activities for money laundering.