diff --git a/CHANGELOG.md b/CHANGELOG.md
index 172a6034..d8d4838f 100644
--- a/CHANGELOG.md
+++ b/CHANGELOG.md
@@ -1,5 +1,22 @@
 # Changelog
 
+## [1.7.0](https://github.com/googleapis/java-iam/compare/v1.6.23...v1.7.0) (2023-01-10)
+
+
+### Features
+
+* Removing migrated grpc- and proto- modules from repository ([#592](https://github.com/googleapis/java-iam/issues/592)) ([9c4b9aa](https://github.com/googleapis/java-iam/commit/9c4b9aace04fc72868f4dcaf289eb0a8f35d4e1f))
+
+
+### Bug Fixes
+
+* Remove 'unstable API' message from README.md ([#570](https://github.com/googleapis/java-iam/issues/570)) ([8da89f5](https://github.com/googleapis/java-iam/commit/8da89f59cbe323b2cc5eb2b483485e424622b027))
+
+
+### Dependencies
+
+* Update dependency com.google.cloud:google-iam-policy to v1.6.23 ([#578](https://github.com/googleapis/java-iam/issues/578)) ([aa49b5e](https://github.com/googleapis/java-iam/commit/aa49b5efaf53fcafc0bbd7662e8b016fcfc2ff61))
+
 ## [1.6.23](https://github.com/googleapis/java-iam/compare/v1.6.22...v1.6.23) (2022-12-20)
 
 
diff --git a/google-iam-policy/pom.xml b/google-iam-policy/pom.xml
index 88885cfa..e17c3fec 100644
--- a/google-iam-policy/pom.xml
+++ b/google-iam-policy/pom.xml
@@ -3,7 +3,7 @@
   <modelVersion>4.0.0</modelVersion>
   <groupId>com.google.cloud</groupId>
   <artifactId>google-iam-policy</artifactId>
-  <version>1.6.24-SNAPSHOT</version><!-- {x-version-update:google-iam-policy:current} -->
+  <version>1.7.0</version><!-- {x-version-update:google-iam-policy:current} -->
   <packaging>jar</packaging>
   <name>Google IAM Policy</name>
   <url>https://github.com/googleapis/java-eventarc</url>
@@ -11,7 +11,7 @@
   <parent>
     <groupId>com.google.cloud</groupId>
     <artifactId>google-iam-policy-parent</artifactId>
-    <version>1.6.24-SNAPSHOT</version><!-- {x-version-update:google-iam-policy:current} -->
+    <version>1.7.0</version><!-- {x-version-update:google-iam-policy:current} -->
   </parent>
   <properties>
     <site.installationModule>google-iam-policy</site.installationModule>
diff --git a/pom.xml b/pom.xml
index c0e44682..7dd780aa 100644
--- a/pom.xml
+++ b/pom.xml
@@ -4,7 +4,7 @@
   <groupId>com.google.cloud</groupId>
   <artifactId>google-iam-policy-parent</artifactId>
   <packaging>pom</packaging>
-  <version>1.6.24-SNAPSHOT</version><!-- {x-version-update:google-iam-policy:current} -->
+  <version>1.7.0</version><!-- {x-version-update:google-iam-policy:current} -->
   <name>Google IAM Policy Parent</name>
   <url>https://github.com/googleapis/java-iam</url>
   <description>
diff --git a/versions.txt b/versions.txt
index 920771e6..d5f5523c 100644
--- a/versions.txt
+++ b/versions.txt
@@ -1,4 +1,4 @@
 # Format:
 # module:released-version:current-version
 
-google-iam-policy:1.6.23:1.6.24-SNAPSHOT
+google-iam-policy:1.7.0:1.7.0