diff --git a/.bumpversion.cfg b/.bumpversion.cfg
index 459cd01324..a80e6ea38c 100644
--- a/.bumpversion.cfg
+++ b/.bumpversion.cfg
@@ -1,5 +1,5 @@
 [bumpversion]
-current_version = 74.1.0
+current_version = 74.1.1
 commit = True
 tag = True
 
diff --git a/NEWS.rst b/NEWS.rst
index fa5f4597b1..5629e16a0e 100644
--- a/NEWS.rst
+++ b/NEWS.rst
@@ -1,3 +1,12 @@
+v74.1.1
+=======
+
+Bugfixes
+--------
+
+- Fixed TypeError in ``msvc.EnvironmentInfo.return_env`` when no runtime redistributables are installed. (#1902)
+
+
 v74.1.0
 =======
 
diff --git a/newsfragments/1902.bugfix.rst b/newsfragments/1902.bugfix.rst
deleted file mode 100644
index 5b2d0b7ba5..0000000000
--- a/newsfragments/1902.bugfix.rst
+++ /dev/null
@@ -1 +0,0 @@
-Fixed TypeError in ``msvc.EnvironmentInfo.return_env`` when no runtime redistributables are installed.
\ No newline at end of file
diff --git a/pyproject.toml b/pyproject.toml
index 072a333645..3c9a9480c2 100644
--- a/pyproject.toml
+++ b/pyproject.toml
@@ -5,7 +5,7 @@ backend-path = ["."]
 
 [project]
 name = "setuptools"
-version = "74.1.0"
+version = "74.1.1"
 authors = [
 	{ name = "Python Packaging Authority", email = "distutils-sig@python.org" },
 ]