diff --git a/requirements/base.txt b/requirements/base.txt
index cbf14667d..0135fea0f 100755
--- a/requirements/base.txt
+++ b/requirements/base.txt
@@ -4,4 +4,4 @@ typing_extensions>=4.4 # 3.8 doesn't have Required, TypeGuard and ParamSpec
 
 # resource validation & schema generation
 # 1.10.15 and 1.10.17 included breaking change from pydantic, more info: https://github.com/aws/serverless-application-model/issues/3617
-pydantic>=1.8,<3,!=1.10.15,!=1.10.17
+pydantic>=1.10.18,<3
diff --git a/samtranslator/compat.py b/samtranslator/compat.py
index 7d2686d56..a6269b44d 100644
--- a/samtranslator/compat.py
+++ b/samtranslator/compat.py
@@ -3,7 +3,7 @@
 
     # Starting Pydantic v1.10.17, pydantic import v1 will success,
     # adding the following line to make Pydantic v1 should fall back to v1 import correctly.
-    pydantic.error_wrappers.ValidationError  # noqa
+    pydantic.ValidationError  # noqa
 except ImportError:
     # Unfortunately mypy cannot handle this try/expect pattern, and "type: ignore"
     # is the simplest work-around. See: https://github.com/python/mypy/issues/1153
diff --git a/samtranslator/model/__init__.py b/samtranslator/model/__init__.py
index e47131793..685b45138 100644
--- a/samtranslator/model/__init__.py
+++ b/samtranslator/model/__init__.py
@@ -345,7 +345,7 @@ def validate_properties_and_return_model(self, cls: Type[RT]) -> RT:
         """
         try:
             return cls.parse_obj(self._generate_resource_dict()["Properties"])
-        except pydantic.error_wrappers.ValidationError as e:
+        except pydantic.ValidationError as e:
             error_properties: str = ""
             with suppress(KeyError):
                 error_properties = ".".join(str(x) for x in e.errors()[0]["loc"])