diff --git a/requirements-dev.txt b/requirements-dev.txt
index e98c5953..88f68a80 100644
--- a/requirements-dev.txt
+++ b/requirements-dev.txt
@@ -2,6 +2,11 @@
 # Using legacy 'setup.py install' for flake8-annotations-coverage, since package 'wheel' is not installed.
 wheel
 
+# We can't rely on just picking this up from either the base (not venv),
+# or venv-init-time version.  Specify here so that dependabot will prod us
+# about new versions.
+setuptools==60.8.2
+
 # Static analysis tools
 flake8==4.0.1
 flake8-annotations-coverage==0.0.5
@@ -30,7 +35,9 @@ grip==4.6.0
 # Used to put together a WiX configuration from template/auto-gen
 lxml==4.7.1
 # We only need py2exe on windows.
-py2exe==0.11.0.1; sys_platform == 'win32'
+# Pre-release version addressing semantic_version 2.9.0+ issues:
+# <https://github.com/py2exe/py2exe/issues/126>
+py2exe==0.11.1.0; sys_platform == 'win32'
 
 # Testing
 pytest==7.0.0
diff --git a/requirements.txt b/requirements.txt
index 479425c9..402c5a86 100644
--- a/requirements.txt
+++ b/requirements.txt
@@ -5,7 +5,7 @@ watchdog==2.1.6
 infi.systray==0.1.12; sys_platform == 'win32'
 # argh==0.26.2 watchdog dep
 # pyyaml==5.3.1 watchdog dep
-semantic-version==2.8.5
+semantic-version==2.9.0
 
 # Base requirement for MacOS
 pyobjc; sys_platform == 'darwin'