diff --git a/.changeset/eight-ravens-prove.md b/.changeset/eight-ravens-prove.md
new file mode 100644
index 000000000000..406ccb297019
--- /dev/null
+++ b/.changeset/eight-ravens-prove.md
@@ -0,0 +1,5 @@
+---
+'@eth-optimism/contracts-bedrock': patch
+---
+
+Fix build on latest foundry
diff --git a/packages/contracts-bedrock/contracts/L1/OptimismPortal.sol b/packages/contracts-bedrock/contracts/L1/OptimismPortal.sol
index d410bb7fc11e..38660f171860 100644
--- a/packages/contracts-bedrock/contracts/L1/OptimismPortal.sol
+++ b/packages/contracts-bedrock/contracts/L1/OptimismPortal.sol
@@ -1,7 +1,7 @@
 // SPDX-License-Identifier: MIT
 pragma solidity 0.8.15;
 
-import { Initializable } from "@openzeppelin/contracts/proxy/utils/Initializable.sol";
+import { Initializable } from "@openzeppelin/contracts-upgradeable/proxy/utils/Initializable.sol";
 import { ExcessivelySafeCall } from "excessively-safe-call/src/ExcessivelySafeCall.sol";
 import { L2OutputOracle } from "./L2OutputOracle.sol";
 import { Types } from "../libraries/Types.sol";
diff --git a/packages/contracts-bedrock/contracts/L1/ResourceMetering.sol b/packages/contracts-bedrock/contracts/L1/ResourceMetering.sol
index 50ac1724277a..8782c8100336 100644
--- a/packages/contracts-bedrock/contracts/L1/ResourceMetering.sol
+++ b/packages/contracts-bedrock/contracts/L1/ResourceMetering.sol
@@ -1,7 +1,7 @@
 // SPDX-License-Identifier: MIT
 pragma solidity 0.8.15;
 
-import { Initializable } from "@openzeppelin/contracts/proxy/utils/Initializable.sol";
+import { Initializable } from "@openzeppelin/contracts-upgradeable/proxy/utils/Initializable.sol";
 import { Math } from "@openzeppelin/contracts/utils/math/Math.sol";
 import { SignedMath } from "@openzeppelin/contracts/utils/math/SignedMath.sol";
 import { FixedPointMathLib } from "@rari-capital/solmate/src/utils/FixedPointMathLib.sol";
diff --git a/packages/contracts-bedrock/contracts/test/CommonTest.t.sol b/packages/contracts-bedrock/contracts/test/CommonTest.t.sol
index 5fd222194b57..f04be4edd421 100644
--- a/packages/contracts-bedrock/contracts/test/CommonTest.t.sol
+++ b/packages/contracts-bedrock/contracts/test/CommonTest.t.sol
@@ -18,7 +18,7 @@ import { Predeploys } from "../libraries/Predeploys.sol";
 import { Types } from "../libraries/Types.sol";
 import { ERC20 } from "@openzeppelin/contracts/token/ERC20/ERC20.sol";
 import { Proxy } from "../universal/Proxy.sol";
-import { Initializable } from "@openzeppelin/contracts/proxy/utils/Initializable.sol";
+import { Initializable } from "@openzeppelin/contracts-upgradeable/proxy/utils/Initializable.sol";
 import { ResolvedDelegateProxy } from "../legacy/ResolvedDelegateProxy.sol";
 import { AddressManager } from "../legacy/AddressManager.sol";
 import { L1ChugSplashProxy } from "../legacy/L1ChugSplashProxy.sol";
diff --git a/packages/contracts-bedrock/contracts/universal/StandardBridge.sol b/packages/contracts-bedrock/contracts/universal/StandardBridge.sol
index 1087f68f6b13..24e3cf8e07f0 100644
--- a/packages/contracts-bedrock/contracts/universal/StandardBridge.sol
+++ b/packages/contracts-bedrock/contracts/universal/StandardBridge.sol
@@ -5,7 +5,7 @@ import { IERC20 } from "@openzeppelin/contracts/token/ERC20/IERC20.sol";
 import { ERC165Checker } from "@openzeppelin/contracts/utils/introspection/ERC165Checker.sol";
 import { Address } from "@openzeppelin/contracts/utils/Address.sol";
 import { SafeERC20 } from "@openzeppelin/contracts/token/ERC20/utils/SafeERC20.sol";
-import { Initializable } from "@openzeppelin/contracts/proxy/utils/Initializable.sol";
+import { Initializable } from "@openzeppelin/contracts-upgradeable/proxy/utils/Initializable.sol";
 import { IRemoteToken, IL1Token } from "./SupportedInterfaces.sol";
 import { CrossDomainMessenger } from "./CrossDomainMessenger.sol";
 import { OptimismMintableERC20 } from "./OptimismMintableERC20.sol";
diff --git a/packages/contracts-bedrock/package.json b/packages/contracts-bedrock/package.json
index 26a6f2209c7e..bb73a934e5b6 100644
--- a/packages/contracts-bedrock/package.json
+++ b/packages/contracts-bedrock/package.json
@@ -38,8 +38,8 @@
     "@eth-optimism/core-utils": "^0.9.2",
     "@ethereumjs/trie": "^5.0.0-beta.1",
     "@ethereumjs/util": "^8.0.0-beta.1",
-    "@openzeppelin/contracts": "^4.5.0",
-    "@openzeppelin/contracts-upgradeable": "^4.5.2",
+    "@openzeppelin/contracts": "4.6.0",
+    "@openzeppelin/contracts-upgradeable": "4.7.1",
     "@rari-capital/solmate": "https://github.com/rari-capital/solmate.git#8f9b23f8838670afda0fd8983f2c41e8037ae6bc",
     "bip39": "^3.0.4",
     "ds-test": "https://github.com/dapphub/ds-test.git#9310e879db8ba3ea6d5c6489a579118fd264a3f5",
diff --git a/yarn.lock b/yarn.lock
index 42db9ca2b55e..0a719304d198 100644
--- a/yarn.lock
+++ b/yarn.lock
@@ -2816,7 +2816,7 @@
   dependencies:
     "@octokit/openapi-types" "^9.5.0"
 
-"@openzeppelin/contracts-upgradeable@4.7.1", "@openzeppelin/contracts-upgradeable@^4.3.2", "@openzeppelin/contracts-upgradeable@^4.5.2":
+"@openzeppelin/contracts-upgradeable@4.7.1", "@openzeppelin/contracts-upgradeable@^4.3.2":
   version "4.7.1"
   resolved "https://registry.yarnpkg.com/@openzeppelin/contracts-upgradeable/-/contracts-upgradeable-4.7.1.tgz#f63fc384255d6ac139e0a2561aa207fd7c14183c"
   integrity sha512-5EFiZld3DYFd8aTL8eeMnhnaWh1/oXLXFNuFMrgF3b1DNPshF3LCyO7VR6lc+gac2URJ0BlVcZoCfkk/3MoEfg==
@@ -2836,7 +2836,7 @@
   resolved "https://registry.yarnpkg.com/@openzeppelin/contracts/-/contracts-4.5.0.tgz#3fd75d57de172b3743cdfc1206883f56430409cc"
   integrity sha512-fdkzKPYMjrRiPK6K4y64e6GzULR7R7RwxSigHS8DDp7aWDeoReqsQI+cxHV1UuhAqX69L1lAaWDxenfP+xiqzA==
 
-"@openzeppelin/contracts@4.6.0", "@openzeppelin/contracts@^4.5.0":
+"@openzeppelin/contracts@4.6.0":
   version "4.6.0"
   resolved "https://registry.yarnpkg.com/@openzeppelin/contracts/-/contracts-4.6.0.tgz#c91cf64bc27f573836dba4122758b4743418c1b3"
   integrity sha512-8vi4d50NNya/bQqCmaVzvHNmwHvS0OBKb7HNtuNwEE3scXWrP31fKQoGxNMT+KbzmrNZzatE3QK5p2gFONI/hg==