diff --git a/eng/SourceBuildPrebuiltBaseline.xml b/eng/SourceBuildPrebuiltBaseline.xml
index 548f4bd4db7..076242ff7d8 100644
--- a/eng/SourceBuildPrebuiltBaseline.xml
+++ b/eng/SourceBuildPrebuiltBaseline.xml
@@ -5,7 +5,7 @@
   <IgnorePatterns>
     <UsagePattern IdentityGlob="Microsoft.SourceBuild.Intermediate.*/*" />
 
-    <!-- These dependencies are a result of building for netframework TFMs. These are filtered out 
+    <!-- These dependencies are a result of building for netframework TFMs. These are filtered out
          in full source-build, and would be filtered out if msbuild was using an 8.0 arcade + 8.0 SDK -->
          <UsagePattern IdentityGlob="Microsoft.NETFramework.ReferenceAssemblies/*1.0.3*" />
          <UsagePattern IdentityGlob="Microsoft.NETFramework.ReferenceAssemblies.net472/*1.0.3*" />
@@ -29,7 +29,7 @@
     <UsagePattern IdentityGlob="System.Security.Permissions/*7.0.0*" />
     <UsagePattern IdentityGlob="System.Text.Encoding.CodePages/*7.0.0*" />
     <UsagePattern IdentityGlob="System.Text.Encodings.Web/*7.0.0*" />
-    <UsagePattern IdentityGlob="System.Text.Json/*7.0.0*" />
+    <UsagePattern IdentityGlob="System.Text.Json/*7.0.3*" />
     <UsagePattern IdentityGlob="System.Threading.Tasks.Dataflow/*7.0.0*" />
     <UsagePattern IdentityGlob="System.Windows.Extensions/*7.0.0*" />
 
diff --git a/eng/Versions.props b/eng/Versions.props
index aa4bb5d56eb..b6428c49480 100644
--- a/eng/Versions.props
+++ b/eng/Versions.props
@@ -54,7 +54,7 @@
     <MicrosoftNetCompilersToolsetVersion>4.7.0-3.23318.1</MicrosoftNetCompilersToolsetVersion>
     <NuGetBuildTasksVersion>6.7.0-rc.106</NuGetBuildTasksVersion>
     <SystemRuntimeCompilerServicesUnsafeVersion>6.0.0</SystemRuntimeCompilerServicesUnsafeVersion>
-    <SystemTextJsonVersion>7.0.0</SystemTextJsonVersion>
+    <SystemTextJsonVersion>7.0.3</SystemTextJsonVersion>
     <SystemThreadingTasksDataflowVersion>7.0.0</SystemThreadingTasksDataflowVersion>
     <XunitVersion>2.4.2</XunitVersion>
   </PropertyGroup>
diff --git a/src/MSBuild/app.amd64.config b/src/MSBuild/app.amd64.config
index 37ad6179283..91009eec184 100644
--- a/src/MSBuild/app.amd64.config
+++ b/src/MSBuild/app.amd64.config
@@ -118,8 +118,8 @@
         </dependentAssembly>
         <dependentAssembly>
           <assemblyIdentity name="System.Text.Json" publicKeyToken="cc7b13ffcd2ddd51" culture="neutral" />
-          <bindingRedirect oldVersion="0.0.0.0-7.0.0.0" newVersion="7.0.0.0" />
-          <codeBase version="7.0.0.0" href="..\System.Text.Json.dll"/>
+          <bindingRedirect oldVersion="0.0.0.0-7.0.0.3" newVersion="7.0.0.3" />
+          <codeBase version="7.0.0.3" href="..\System.Text.Json.dll"/>
         </dependentAssembly>
         <dependentAssembly>
           <assemblyIdentity name="System.Threading.Tasks.Dataflow" publicKeyToken="b03f5f7f11d50a3a" culture="neutral" />
diff --git a/src/MSBuild/app.config b/src/MSBuild/app.config
index 195274749e3..51d2a26861e 100644
--- a/src/MSBuild/app.config
+++ b/src/MSBuild/app.config
@@ -90,7 +90,7 @@
         </dependentAssembly>
         <dependentAssembly>
           <assemblyIdentity name="System.Text.Json" publicKeyToken="cc7b13ffcd2ddd51" culture="neutral" />
-          <bindingRedirect oldVersion="0.0.0.0-7.0.0.0" newVersion="7.0.0.0" />
+          <bindingRedirect oldVersion="0.0.0.0-7.0.0.3" newVersion="7.0.0.3" />
         </dependentAssembly>
         <dependentAssembly>
           <assemblyIdentity name="System.Threading.Tasks.Dataflow" publicKeyToken="b03f5f7f11d50a3a" culture="neutral" />