“Woody Williams embodied the best of America: living a life of duty, honor and courage,” said Pelosi, a California Democrat.
Schumer, a Democrat from New York, called Williams “an American hero who embodied the best of our country and the greatest generation.”
The Medal of Honor is the United States’ highest award for military bravery.
At a Sunday memorial service in West Virginia, Williams’ hometown, Senator Joe Manchin announced that he had received a phone call that morning informing him that Williams would be remembered at the US Capitol Rotunda.
Manchin, a Democrat from the state, praised Williams as someone who “never stops giving back” by raising money for Gold Star Families with an annual motorcycle ride.
“It’s brought in hundreds of thousands of dollars,” Manchin said on Sunday, adding: “It won’t stop because Woody would come after me as soon as possible.”
Manchin said he will miss the calls from Williams and joked how Williams would give him directions on how to do his job.
“I’ll miss him telling me how to vote. And when I didn’t, how I made a mistake,” Manchin said.
CNN’s Jake Tapper contributed to this report.