Valor Has No Expiration Act

This bill allows military departments to reconsider awards of decorations (like medals) that weren't given on time because service records were classified or restricted for national security reasons. It directly affects service members (in the Army, Navy, Marines, Air Force, or Space Force) who served on active duty from 1940 onward and whose records were withheld due to classification. The bill requires military departments to begin reviewing such requests within 30 days and complete the review within one year, waiving standard time limits for these specific cases. It also mandates detailed reports to Congress and the President (for Medal of Honor requests) on each review's findings and recommendations.