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Some foundries (thankfully very few) go so far as to forbid embedding their fonts in PDFs. But no, ahi, there aren't really any tools to check what the license/permissions are for a given font. The best you can do is check the font's properties to find out who the foundry is, then check on the foundry's website to see what their terms for that particular font are.
The only good/high quality fonts that I'm aware of that can be freely redistributed are the ones that were specially made for distribution with Linux distros (Libertine, Droid, etc), and a small handful of ones that were blessed with open licenses (Fontin, Charis, Gentium).
And like wallcraft said, even the "core fonts for the web" were licensed/commissioned by Microsoft, and only they have the ability to distribute them (or allow others to redistribute according to their terms).
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