Proper Replacement Of Medals and Performance Tracking Act or the PROMPT Act - Directs the Secretary of the military department concerned, when recipients of certain military decorations or medals (or in some cases when the recipient's immediate next of kin) requests a replacement of such decoration (e.g., when the original medal is lost, stolen, or destroyed), to ensure that: (1) all actions to be taken with respect to the request, including verification of the service record of the recipient, are completed within one year; and (2) the replacement is mailed to the person making the request within a specified period after such verification.

Directs the Secretary of Defense (DOD) to submit to Congress: (1) an annual report regarding compliance by the military departments with such replacement performance standards; and (2) a plan to implement such standards, including an estimate of FY2015 funds necessary to meet or exceed such standards.