Microsoft 365: Expiration for access on sharing main links
Admins gain new policy controls to require and enforce expiration dates on "Anyone" and "People in your organization" sharing links in OneDrive and SharePoint. This enables stronger data governance but may require policy configuration and user communication.
Microsoft's description
People can set expiration dates for “Anyone” and “People in your organization” access on the main link to files and folders in OneDrive and SharePoint. New administrator policies can Administrators can set policies to require expiration and enforce a maximum access duration, with separate settings for OneDrive and SharePoint. These controls help organizations align content sharing with their data governance requirements. When access expires, the main link remains, and permissions granted directly to individuals are preserved.