Nope. It can also be invoked or compelled even after it's tagged.
Alright then, when does 'prone' go away?
For reference, I'm saying it's not a very good example of a maneuver. I'd probably require an attack roll to knock someone prone and build it up as a block against athletics. It borders too much on consequence territory, albiet a short lived one.
EDIT: I'm realizing I sound hostile. My apologies. I think I'm getting a little carried away here - if I'm wrong, I want to know why.
That said, you're basically making the maneuver action act as both a block and a maneuver in this instance, which seems game breaking to me.