diff --git a/CHANGELOG.md b/CHANGELOG.md
index 43fb73796..53d2762af 100644
--- a/CHANGELOG.md
+++ b/CHANGELOG.md
@@ -1,3 +1,9 @@
+## v1.38.1 (Released 2024-04-29)
+
+IMPROVEMENTS
+
+- fix: make -skip-validation flag not depend on -validate flag being present
+
 ## v1.38.0 (Released 2024-04-26)
 
 This release of moov-io/ach standardizes `ValidateOpts` query parameters on the HTTP server. Previously slightly different names
diff --git a/version.go b/version.go
index cd39d453f..3141292f2 100644
--- a/version.go
+++ b/version.go
@@ -18,4 +18,4 @@
 package ach
 
 // Version Number
-const Version = "v1.38.0"
+const Version = "v1.38.1"