diff --git a/README.rst b/README.rst
index 600e96c..6005c41 100644
--- a/README.rst
+++ b/README.rst
@@ -282,6 +282,13 @@ MIT
 Change Log
 ----------
 
+22.7.1
+~~~~~~~~~~
+
+* Implement late-binding loop check (#265)
+
+  * `late-binding closures are a classic gotcha <https://docs.python-guide.org/writing/gotchas/#late-binding-closures>`__.
+
 22.6.22
 ~~~~~~~~~~
 
diff --git a/bugbear.py b/bugbear.py
index 58c3432..dfa54a2 100644
--- a/bugbear.py
+++ b/bugbear.py
@@ -12,7 +12,7 @@
 import attr
 import pycodestyle
 
-__version__ = "22.6.22"
+__version__ = "22.7.1"
 
 LOG = logging.getLogger("flake8.bugbear")
 CONTEXTFUL_NODES = (