Frank Buckles World War I Memorial Act - Amends the World War I Centennial Commission Act to designate the Liberty Memorial at America's National World War I Museum in Kansas City, Missouri, as the National World War I Museum and Memorial.
Authorizes the World War I Memorial Foundation to establish a commemorative work on federal land in the Reserve (the great cross-axis of the National Mall) on the National Mall in the District of Columbia consisting of an appropriate sculptural or other commemorative elements to serve as the National World War I Memorial.