diff --git a/CHANGELOG.md b/CHANGELOG.md
index b3bc254e..7793ec45 100644
--- a/CHANGELOG.md
+++ b/CHANGELOG.md
@@ -1,5 +1,10 @@
 ## CHANGELOG
 
+### `v1.31.1`
+
+#### Fixes
+* Fixes for a few bugs: transaction time attribute, span macro, bandit missing conn [#483](https://github.com/newrelic/elixir_agent/pull/483)
+
 ### `v1.31`
 
 A big release after a long time dormant!
diff --git a/README.md b/README.md
index f3ea2123..d4f8ca35 100644
--- a/README.md
+++ b/README.md
@@ -31,8 +31,8 @@ The open-source Elixir agent is licensed under the Apache 2.0 License.
 Install the [Hex package](https://hex.pm/packages/new_relic_agent)
 
 Requirements:
-* Erlang/OTP 22
-* Elixir 1.9
+* Erlang/OTP 24
+* Elixir 1.11
 
 ```elixir
 defp deps do
@@ -63,7 +63,7 @@ You can also configure these attributes via `ENV` vars, which helps keep secrets
 
 #### HTTP Client Settings
 
-`httpc` client settings can be overridden if needed. For example, the HTTP connect timeout can be increased which can help alleviate errors related to timeouts connecting to New Relic:
+`:httpc` client settings can be overridden if needed. For example, the HTTP connect timeout can be increased which can help alleviate errors related to timeouts connecting to New Relic:
 
 ```elixir
 config :new_relic_agent,
diff --git a/VERSION b/VERSION
index 34aae156..6bae5402 100644
--- a/VERSION
+++ b/VERSION
@@ -1 +1 @@
-1.31.0
+1.31.1
diff --git a/mix.exs b/mix.exs
index 04ba79dc..09e6066f 100644
--- a/mix.exs
+++ b/mix.exs
@@ -8,7 +8,7 @@ defmodule NewRelic.Mixfile do
       app: :new_relic_agent,
       description: "New Relic's Open-Source Elixir Agent",
       version: agent_version(),
-      elixir: "~> 1.9",
+      elixir: "~> 1.11",
       build_embedded: Mix.env() == :prod,
       start_permanent: Mix.env() == :prod,
       name: "New Relic Elixir Agent",