Paterson Great Falls National Park Act of 2007 - Establishes in Paterson, New Jersey, the Paterson Great Falls National Park as a unit of the National Park System.
Requires the Park to be administered in partnership by the Secretary of the Interior, the state of New Jersey, the city of Paterson and its applicable subdivisions, and others.
Establishes the Paterson Great Falls National Historical Park Partnership to coordinate the activities of federal, state, and local authorities and the private sector in the development, for the Secretary's approval, and implementation of an integrated resource management plan.
Directs the Secretary, acting through the Director of the National Park Service, to establish a Paterson Great Falls National Park Advisory Council.
Authorizes the Secretary to acquire land or interests within the boundaries of the Park by donation, purchase with donated or appropriated funds, or exchange.