diff --git a/bucket/bicep.json b/bucket/bicep.json
index fb29c6dcfb..c88bed95d5 100644
--- a/bucket/bicep.json
+++ b/bucket/bicep.json
@@ -1,16 +1,16 @@
 {
-    "version": "0.37.4",
+    "version": "0.38.3",
     "description": "A declarative language for describing and deploying Azure resources",
     "homepage": "https://github.com/Azure/bicep",
     "license": "MIT",
     "architecture": {
         "arm64": {
-            "url": "https://github.com/Azure/bicep/releases/download/v0.37.4/bicep-win-arm64.exe#/bicep.exe",
-            "hash": "191122cf85f2e806a446ca081be6f0c374b90b8447395f4e75d1df49d5bf1408"
+            "url": "https://github.com/Azure/bicep/releases/download/v0.38.3/bicep-win-arm64.exe#/bicep.exe",
+            "hash": "ed6c515f3e508be4ca735f2241908365f27371135479e922fddd491f010ad035"
         },
         "64bit": {
-            "url": "https://github.com/Azure/bicep/releases/download/v0.37.4/bicep-win-x64.exe#/bicep.exe",
-            "hash": "8011df2c600f7ec7cfef8058f1b0c8629770421344047a3524608367165e0715"
+            "url": "https://github.com/Azure/bicep/releases/download/v0.38.3/bicep-win-x64.exe#/bicep.exe",
+            "hash": "c82b12d5740f3765ec08027bbfa2ad4fdcbf70eee076fdd3140b11ccda6db1e5"
         }
     },
     "bin": "bicep.exe",