diff --git a/CHANGELOG.md b/CHANGELOG.md
index 076e1631..81d5b33e 100644
--- a/CHANGELOG.md
+++ b/CHANGELOG.md
@@ -1,3 +1,12 @@
+3.7.1 - 2024-05-10
+==================
+
+### Fixes
+- Fix `language: rust` default language version check when `rust-toolchain.toml`
+  is present.
+    - issue by @gaborbernat.
+    - #3201 PR by @asottile.
+
 3.7.0 - 2024-03-24
 ==================
 
diff --git a/setup.cfg b/setup.cfg
index 0e155601..83c09acd 100644
--- a/setup.cfg
+++ b/setup.cfg
@@ -1,6 +1,6 @@
 [metadata]
 name = pre_commit
-version = 3.7.0
+version = 3.7.1
 description = A framework for managing and maintaining multi-language pre-commit hooks.
 long_description = file: README.md
 long_description_content_type = text/markdown