diff --git a/sdks/python/apache_beam/runners/dataflow/internal/names.py b/sdks/python/apache_beam/runners/dataflow/internal/names.py
index 7c7e94f38bf1..85cd163149b3 100644
--- a/sdks/python/apache_beam/runners/dataflow/internal/names.py
+++ b/sdks/python/apache_beam/runners/dataflow/internal/names.py
@@ -36,10 +36,10 @@
 
 # Update this version to the next version whenever there is a change that will
 # require changes to legacy Dataflow worker execution environment.
-BEAM_CONTAINER_VERSION = 'beam-master-20220609'
+BEAM_CONTAINER_VERSION = 'beam-master-20220512'
 # Update this version to the next version whenever there is a change that
 # requires changes to SDK harness container or SDK harness launcher.
-BEAM_FNAPI_CONTAINER_VERSION = 'beam-master-20220609'
+BEAM_FNAPI_CONTAINER_VERSION = 'beam-master-20220512'
 
 DATAFLOW_CONTAINER_IMAGE_REPOSITORY = 'gcr.io/cloud-dataflow/v1beta3'
 
diff --git a/sdks/python/container/py37/base_image_requirements.txt b/sdks/python/container/py37/base_image_requirements.txt
index f36accc7b187..b88cd178ea14 100644
--- a/sdks/python/container/py37/base_image_requirements.txt
+++ b/sdks/python/container/py37/base_image_requirements.txt
@@ -38,7 +38,7 @@ crcmod==1.7
 cryptography==37.0.2
 Cython==0.29.28
 deprecation==2.1.0
-dill==0.3.5.1
+dill==0.3.1.1
 docker==5.0.3
 docopt==0.6.2
 execnet==1.9.0
diff --git a/sdks/python/container/py38/base_image_requirements.txt b/sdks/python/container/py38/base_image_requirements.txt
index 2e0a2a585f54..b6f57c9e66e9 100644
--- a/sdks/python/container/py38/base_image_requirements.txt
+++ b/sdks/python/container/py38/base_image_requirements.txt
@@ -37,7 +37,7 @@ crcmod==1.7
 cryptography==37.0.2
 Cython==0.29.28
 deprecation==2.1.0
-dill==0.3.5.1
+dill==0.3.1.1
 docker==5.0.3
 docopt==0.6.2
 execnet==1.9.0
diff --git a/sdks/python/container/py39/base_image_requirements.txt b/sdks/python/container/py39/base_image_requirements.txt
index 11dd7e7e217f..5542d5e36c93 100644
--- a/sdks/python/container/py39/base_image_requirements.txt
+++ b/sdks/python/container/py39/base_image_requirements.txt
@@ -37,7 +37,7 @@ crcmod==1.7
 cryptography==37.0.2
 Cython==0.29.28
 deprecation==2.1.0
-dill==0.3.5.1
+dill==0.3.1.1
 docker==5.0.3
 docopt==0.6.2
 execnet==1.9.0
diff --git a/sdks/python/setup.py b/sdks/python/setup.py
index 32ed047a12b5..46a069df2148 100644
--- a/sdks/python/setup.py
+++ b/sdks/python/setup.py
@@ -211,7 +211,7 @@ def get_portability_package_data():
         # using older version of dill. It is best to use the same version of
         # dill on client and server, therefore list of allowed versions is very
         # narrow. See: https://github.com/uqfoundation/dill/issues/341.
-        'dill>=0.3.5.1,<0.3.6',
+        'dill>=0.3.1.1,<0.3.2',
         'cloudpickle>=2.1.0,<3',
         'fastavro>=0.23.6,<2',
         'grpcio>=1.33.1,<2',