diff --git a/NEWS.md b/NEWS.md
index 623650b20..9bbdec1c4 100644
--- a/NEWS.md
+++ b/NEWS.md
@@ -1,5 +1,10 @@
 Unreleased
 
+1.54.1 (June 30, 2020)
+
+* Fixed: invalid Gemfile entry for bundler-audit
+* Fixed: Deprecation warning for `Bundler.with_clean_env`
+
 1.54.0 (June 24, 2020)
 
 * New generator: `suspenders:single_redirect` for setting up `Rack::CanonicalHost`
diff --git a/lib/suspenders/version.rb b/lib/suspenders/version.rb
index a32c55108..ed413cf24 100644
--- a/lib/suspenders/version.rb
+++ b/lib/suspenders/version.rb
@@ -4,5 +4,5 @@ module Suspenders
     read("#{File.dirname(__FILE__)}/../../.ruby-version").
     strip.
     freeze
-  VERSION = "1.54.0".freeze
+  VERSION = "1.54.1".freeze
 end