diff --git a/README.md b/README.md
index a83cdfc..25f887d 100644
--- a/README.md
+++ b/README.md
@@ -91,7 +91,7 @@ statement instead the previous block.
 
 | Name | Version |
 |------|---------|
-| <a name="requirement_terraform"></a> [terraform](#requirement\_terraform) | >= 1.3.0, <1.6.0 |
+| <a name="requirement_terraform"></a> [terraform](#requirement\_terraform) | >= 1.3.0, <1.7.0 |
 | <a name="requirement_ibm"></a> [ibm](#requirement\_ibm) | >= 1.58.1, <2.0.0 |
 
 ### Modules
diff --git a/common-dev-assets b/common-dev-assets
index 9932ccd..ad28982 160000
--- a/common-dev-assets
+++ b/common-dev-assets
@@ -1 +1 @@
-Subproject commit 9932ccdc5b47892639ac96b751969595c41067d6
+Subproject commit ad28982e3b7f0ba1d9d4ccd916f17a8f85d2049a
diff --git a/examples/advanced/version.tf b/examples/advanced/version.tf
index 74dfb7f..1f87c60 100644
--- a/examples/advanced/version.tf
+++ b/examples/advanced/version.tf
@@ -1,5 +1,5 @@
 terraform {
-  required_version = ">= 1.3.0, <1.6.0"
+  required_version = ">= 1.3.0, <1.7.0"
   required_providers {
     # Use latest version of provider in non-basic examples to verify latest version works with module
     ibm = {
diff --git a/examples/basic/version.tf b/examples/basic/version.tf
index a5b8915..20ab7d1 100644
--- a/examples/basic/version.tf
+++ b/examples/basic/version.tf
@@ -1,5 +1,5 @@
 terraform {
-  required_version = ">= 1.3.0, <1.6.0"
+  required_version = ">= 1.3.0, <1.7.0"
   required_providers {
     # Pin to the lowest provider version of the range defined in the main module's version.tf to ensure lowest version still works
     ibm = {
diff --git a/version.tf b/version.tf
index 7fa6d7d..d68cd1f 100644
--- a/version.tf
+++ b/version.tf
@@ -1,5 +1,5 @@
 terraform {
-  required_version = ">= 1.3.0, <1.6.0"
+  required_version = ">= 1.3.0, <1.7.0"
   required_providers {
     # Use "greater than or equal to" range in modules
     ibm = {