No, "Stolen Valor" means claiming medals or service when you didn't get them.
This initial article alleges that Walz claimed when he entered Congress to be the "highest-ranking enlisted service member" to be elected to Congress. The authors of the article say that Walz was given a provisional rank of "Command Sergeant Major" conditioned on his successful completion of program at the United States Army Sergeants Major Academy.
However, when Walz found out that his unit was scheduled to be deployed to Iraq, he "retired" from his unit and withdrew from the United States Army Sergeants Major Academy. Upon his withdrawal from the Academy, Walz's rank was reverted back to his official rank of Master Sergeant.
The authors of this posted article are alleging that Walz's claim of being the "highest-ranking enlisted service member" to serve in Congress is Stolen Valor, because he's claiming a rank that he isn't entitled to.
-PJ
A lot of people were given a provisional rank of general in WWII and then moved to colonel post war.
If someone like that ran for office claiming to be a WWII general, would that be acceptable?