diff --git a/python-setuptools.spec b/python-setuptools.spec
index cf4bd27..5a54b18 100644
--- a/python-setuptools.spec
+++ b/python-setuptools.spec
@@ -13,8 +13,8 @@
 
 Name:           python-setuptools
 # When updating, update the bundled libraries versions bellow!
-Version:        46.4.0
-Release:        4%{?dist}
+Version:        47.1.1
+Release:        1%{?dist}
 Summary:        Easily build and distribute Python packages
 # setuptools is MIT
 # packaging is BSD or ASL 2.0
@@ -171,6 +171,10 @@ PYTHONDONTWRITEBYTECODE=1 PYTHONPATH=$(pwd) pytest-%{python3_version} \
 
 
 %changelog
+* Mon Jun 01 2020 Charalampos Stratakis <cstratak@redhat.com> - 47.1.1-1
+- Update to 47.1.1 (#1841123)
+- https://setuptools.readthedocs.io/en/latest/history.html#v47-1-1
+
 * Sun May 24 2020 Miro Hrončok <mhroncok@redhat.com> - 46.4.0-4
 - Rebuilt for Python 3.9
 
diff --git a/sources b/sources
index 5f98d8c..ed35804 100644
--- a/sources
+++ b/sources
@@ -1 +1 @@
-SHA512 (setuptools-46.4.0.zip) = 31e58fd1d682089a45d23aa07c3c2c4c952ca016fa4c3416b2cba979d8b57369f80baef98ce857912e506e87d6cb456497a1ce1c75a0cdf1ee25d4e753b58726
+SHA512 (setuptools-47.1.1.zip) = 053ffd4c26bf0cf1894754b1ed922be03c6fa2cb54a41e3d28a7d8f7a2fdf2ccebbca4e0bafa16eed476923ef70cf4294ed36df6e77603b2fae0a09b684132c4