Final answer:
The award that is approved and awarded by the President, in the name of Congress, is the Medal of Honor.
Step-by-step explanation:
The award that is approved and awarded by the President, in the name of Congress, is the Medal of Honor.
The Medal of Honor is the highest military decoration in the United States and is awarded by the President on behalf of Congress. It is given to members of the armed forces who have distinguished themselves by acts of valor and courage.
For example, in 2020, President Donald Trump presented the Medal of Honor to Sergeant Major Thomas Payne for his heroic actions during a mission to rescue hostages in Iraq.