diff --git a/Lib/ensurepip/__init__.py b/Lib/ensurepip/__init__.py
index 052b7bca28ddd3..1f5cce8466b8f6 100644
--- a/Lib/ensurepip/__init__.py
+++ b/Lib/ensurepip/__init__.py
@@ -10,7 +10,7 @@
 
 __all__ = ["version", "bootstrap"]
 _PACKAGE_NAMES = ('setuptools', 'pip')
-_SETUPTOOLS_VERSION = "65.5.0"
+_SETUPTOOLS_VERSION = "67.4.0"
 _PIP_VERSION = "23.0"
 _PROJECTS = [
     ("setuptools", _SETUPTOOLS_VERSION, "py3"),
diff --git a/Lib/ensurepip/_bundled/setuptools-65.5.0-py3-none-any.whl b/Lib/ensurepip/_bundled/setuptools-65.5.0-py3-none-any.whl
deleted file mode 100644
index 123a13e2c6b254..00000000000000
Binary files a/Lib/ensurepip/_bundled/setuptools-65.5.0-py3-none-any.whl and /dev/null differ
diff --git a/Lib/ensurepip/_bundled/setuptools-67.4.0-py3-none-any.whl b/Lib/ensurepip/_bundled/setuptools-67.4.0-py3-none-any.whl
new file mode 100644
index 00000000000000..bf9068b1c38bef
Binary files /dev/null and b/Lib/ensurepip/_bundled/setuptools-67.4.0-py3-none-any.whl differ
diff --git a/Misc/NEWS.d/next/Library/2023-02-24-11-35-04.gh-issue-102202.mudabJ.rst b/Misc/NEWS.d/next/Library/2023-02-24-11-35-04.gh-issue-102202.mudabJ.rst
new file mode 100644
index 00000000000000..3f687e5316e4dd
--- /dev/null
+++ b/Misc/NEWS.d/next/Library/2023-02-24-11-35-04.gh-issue-102202.mudabJ.rst
@@ -0,0 +1 @@
+Update the bundled copy of setuptools to version 67.4.0.