diff --git a/README.md b/README.md
index 3e651cc15e4..362f4c23f52 100644
--- a/README.md
+++ b/README.md
@@ -143,7 +143,7 @@ MIT Licensed. See [LICENSE](https://github.com/terraform-aws-modules/terraform-a
 | 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_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 |
@@ -152,7 +152,7 @@ MIT Licensed. See [LICENSE](https://github.com/terraform-aws-modules/terraform-a
 
 | Name | Version |
 |------|---------|
-| <a name="provider_aws"></a> [aws](#provider\_aws) | >= 3.37.0 |
+| <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 7b6dd95740a..104008acabe 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 = {