diff --git a/README.md b/README.md
index 76addaf3bc0..226d3fe8253 100644
--- a/README.md
+++ b/README.md
@@ -143,8 +143,8 @@ Apache 2 Licensed. See [LICENSE](https://github.com/terraform-aws-modules/terraf
 | Name | Version |
 |------|---------|
 | <a name="requirement_terraform"></a> [terraform](#requirement\_terraform) | >= 0.13.1 |
-| <a name="requirement_aws"></a> [aws](#requirement\_aws) | >= 3.37.0 |
-| <a name="requirement_http"></a> [http](#requirement\_http) | >= 2.4.1 |
+| <a name="requirement_aws"></a> [aws](#requirement\_aws) | >= 3.40.0 |
+| <a name="requirement_http"></a> [http](#requirement\_http) | >= 2.4.0 |
 | <a name="requirement_kubernetes"></a> [kubernetes](#requirement\_kubernetes) | >= 1.11.1 |
 | <a name="requirement_local"></a> [local](#requirement\_local) | >= 1.4 |
 
@@ -152,8 +152,8 @@ Apache 2 Licensed. See [LICENSE](https://github.com/terraform-aws-modules/terraf
 
 | Name | Version |
 |------|---------|
-| <a name="provider_aws"></a> [aws](#provider\_aws) | >= 3.37.0 |
-| <a name="provider_http"></a> [http](#provider\_http) | >= 2.4.1 |
+| <a name="provider_aws"></a> [aws](#provider\_aws) | >= 3.40.0 |
+| <a name="provider_http"></a> [http](#provider\_http) | >= 2.4.0 |
 | <a name="provider_kubernetes"></a> [kubernetes](#provider\_kubernetes) | >= 1.11.1 |
 | <a name="provider_local"></a> [local](#provider\_local) | >= 1.4 |
 
diff --git a/versions.tf b/versions.tf
index 6e1ef8bc144..db42ebeb2fa 100644
--- a/versions.tf
+++ b/versions.tf
@@ -2,7 +2,7 @@ terraform {
   required_version = ">= 0.13.1"
 
   required_providers {
-    aws        = ">= 3.37.0"
+    aws        = ">= 3.40.0"
     local      = ">= 1.4"
     kubernetes = ">= 1.11.1"
     http = {