diff --git a/CHANGELOG.md b/CHANGELOG.md
index 9923a14..f057f94 100644
--- a/CHANGELOG.md
+++ b/CHANGELOG.md
@@ -2,6 +2,13 @@
 
 All notable changes to this project will be documented in this file. See [standard-version](https://github.com/conventional-changelog/standard-version) for commit guidelines.
 
+## [3.1.0](https://github.com/forcedotcom/dev-config/compare/v3.0.1...v3.1.0) (2022-07-07)
+
+
+### Features
+
+* bump tsconfig target/lib ([2e0969c](https://github.com/forcedotcom/dev-config/commit/2e0969c72d1649bdedbc3fa9c64b6c5fbba7316a))
+
 ### [3.0.1](https://github.com/forcedotcom/dev-config/compare/v3.0.0...v3.0.1) (2022-02-12)
 
 ## [3.0.0](https://github.com/forcedotcom/dev-config/compare/v2.1.3...v3.0.0) (2021-12-17)
diff --git a/package.json b/package.json
index 9d7b004..fdd4be6 100644
--- a/package.json
+++ b/package.json
@@ -1,6 +1,6 @@
 {
   "name": "@salesforce/dev-config",
-  "version": "3.0.1",
+  "version": "3.1.0",
   "description": "A set of standard typescript config and tslint options for Salesforce projects.",
   "repository": "forcedotcom/dev-config",
   "main": "index.js",