diff --git a/Directory.Packages.props b/Directory.Packages.props
index e6e7d0b2f5a..529310b8e8f 100644
--- a/Directory.Packages.props
+++ b/Directory.Packages.props
@@ -12,7 +12,7 @@
     <MicrosoftCciVersion>4.0.0-rc3-24214-00</MicrosoftCciVersion>
     <!-- Keep Microsoft.Data.Services.Client package version in sync with Microsoft.Data.OData -->
     <MicrosoftDataServicesClientVersion>5.8.4</MicrosoftDataServicesClientVersion>
-    <MicrosoftSignedWixVersion>3.14.1-8722.20240403.1</MicrosoftSignedWixVersion>
+    <MicrosoftSignedWixVersion>3.14.1-9313.2537997</MicrosoftSignedWixVersion>
     <!-- Overwrite XUnitVersion/XUnitAnalyzersVersion/XUnitAnalyzersVersion that comes from the Arcade SDK to be in sync as Arcade doesn't use a live Arcade SDK.
          Keep in sync with DefaultVersions.props. -->
     <XUnitVersion>2.9.0</XUnitVersion>
diff --git a/src/Microsoft.DotNet.Arcade.Sdk/tools/DefaultVersions.props b/src/Microsoft.DotNet.Arcade.Sdk/tools/DefaultVersions.props
index 231bc124ee7..dee1f793b7e 100644
--- a/src/Microsoft.DotNet.Arcade.Sdk/tools/DefaultVersions.props
+++ b/src/Microsoft.DotNet.Arcade.Sdk/tools/DefaultVersions.props
@@ -103,7 +103,7 @@
     <MicrosoftVisualStudioEngMicroBuildCoreVersion Condition="'$(MicrosoftVisualStudioEngMicroBuildCoreVersion)' == ''">1.0.0</MicrosoftVisualStudioEngMicroBuildCoreVersion>
     <MicrosoftManifestToolCrossPlatformVersion Condition="'$(MicrosoftManifestToolCrossPlatformVersion)' == ''">2.1.3</MicrosoftManifestToolCrossPlatformVersion>
     <MicrosoftVisualStudioEngMicroBuildPluginsSwixBuildVersion Condition="'$(MicrosoftVisualStudioEngMicroBuildPluginsSwixBuildVersion)' == ''">1.1.286</MicrosoftVisualStudioEngMicroBuildPluginsSwixBuildVersion>
-    <MicrosoftSignedWixVersion Condition="'$(MicrosoftSignedWixVersion)' == ''">3.14.1-8722.20240403.1</MicrosoftSignedWixVersion>
+    <MicrosoftSignedWixVersion Condition="'$(MicrosoftSignedWixVersion)' == ''">3.14.1-9313.2537997</MicrosoftSignedWixVersion>
   </PropertyGroup>
 
   <!-- RestoreSources overrides - defines DotNetRestoreSources variable if available -->
diff --git a/src/Microsoft.DotNet.Build.Tasks.Installers/build/wix/bundle/bundle.wxs b/src/Microsoft.DotNet.Build.Tasks.Installers/build/wix/bundle/bundle.wxs
index 978324e7598..65f35e08aea 100644
--- a/src/Microsoft.DotNet.Build.Tasks.Installers/build/wix/bundle/bundle.wxs
+++ b/src/Microsoft.DotNet.Build.Tasks.Installers/build/wix/bundle/bundle.wxs
@@ -24,6 +24,11 @@
       </bal:Condition>
     <?endif?>
 
+    <!-- Search references for upgrade policy keys -->
+    <util:RegistrySearchRef Id="RemovePreviousVersionRegistryKeySearch"/>
+    <util:RegistrySearchRef Id="RemoveSpecificPreviousVersionRegistryKeyExistsSearch"/>
+    <util:RegistrySearchRef Id="RemoveSpecificPreviousVersionRegistryKeySearch"/>
+
     <!--
       List of bundles that this bundle is an upgrade for. Used to support upgrade from bundles
       that were produced before UpdateCode was standardized per major-minor channel.
diff --git a/src/Microsoft.DotNet.Build.Tasks.Installers/build/wix/bundle/upgradePolicies.wxs b/src/Microsoft.DotNet.Build.Tasks.Installers/build/wix/bundle/upgradePolicies.wxs
new file mode 100644
index 00000000000..ffaa06038b7
--- /dev/null
+++ b/src/Microsoft.DotNet.Build.Tasks.Installers/build/wix/bundle/upgradePolicies.wxs
@@ -0,0 +1,37 @@
+<?xml version="1.0" encoding="utf-8"?>
+<Wix xmlns="http://schemas.microsoft.com/wix/2006/wi" xmlns:util="http://schemas.microsoft.com/wix/UtilExtension">
+  <Fragment>
+    <!-- Bundle variables become unset if a search fails. The global key is retrieved first. If this fails,
+         RemoveUpgradeRelatedBundle becomes unset, allowing the version specific search to potentially set 
+         or override the bundle variable. -->
+    <util:RegistrySearch Id="RemovePreviousVersionRegistryKeySearch"
+                         Root="HKLM"
+                         Key="SOFTWARE\Microsoft\.NET"
+                         Value="RemovePreviousVersion"
+                         Result="value"
+                         Variable="RemoveUpgradeRelatedBundle"
+                         Win64="yes" />
+
+    <!-- The version specific key matching the major/minor of the .NET bundle takes precedence. The first search
+         checks whether the registry value exists and creates a variable that can be used as a condition
+         to executes the second part of the search to retrieve it. If the value doesn't exist, RemoveUpgradeRelatedBundle
+         retains its original value, or if it wasn't set, will be assigned a proper default through the BA (wixstdba). -->
+    <util:RegistrySearch Id="RemoveSpecificPreviousVersionRegistryKeyExistsSearch"
+                         After="RemovePreviousVersionRegistryKeySearch"
+                         Root="HKLM"
+                         Key="SOFTWARE\Microsoft\.NET\$(var.MajorVersion).$(var.MinorVersion)"
+                         Value="RemovePreviousVersion"
+                         Result="exists"
+                         Variable="RemoveSpecificPreviousVersionRegistryKeyExists"
+                         Win64="yes" />
+    <util:RegistrySearch Id="RemoveSpecificPreviousVersionRegistryKeySearch"
+                         After="RemoveSpecificPreviousVersionRegistryKeyExistsSearch"
+                         Condition="RemoveSpecificPreviousVersionRegistryKeyExists=1"
+                         Root="HKLM"
+                         Key="SOFTWARE\Microsoft\.NET\$(var.MajorVersion).$(var.MinorVersion)"
+                         Value="RemovePreviousVersion"
+                         Result="value"
+                         Variable="RemoveUpgradeRelatedBundle"
+                         Win64="yes" />
+  </Fragment>
+</Wix>
diff --git a/src/Microsoft.DotNet.Build.Tasks.Installers/build/wix/wix.targets b/src/Microsoft.DotNet.Build.Tasks.Installers/build/wix/wix.targets
index 393cb997e19..5952bf846a5 100644
--- a/src/Microsoft.DotNet.Build.Tasks.Installers/build/wix/wix.targets
+++ b/src/Microsoft.DotNet.Build.Tasks.Installers/build/wix/wix.targets
@@ -27,7 +27,7 @@
     </PropertyGroup>
 
     <PropertyGroup>
-      <WixVersion>3.14.1.8722</WixVersion>
+      <WixVersion>3.14.1-9313.2537997</WixVersion>
       <WixToolsDir>$(BaseIntermediateOutputPath)WixTools.$(WixVersion)/</WixToolsDir>
       <!-- Used in WiX targets to locate files. -->
       <WixInstallPath>$(WixToolsDir)</WixInstallPath>
@@ -127,6 +127,7 @@
       <WixExtensions Include="WixUtilExtension.dll" />
 
       <WixSrcFile Include="$(MSBuildThisFileDirectory)bundle/bundle.wxs" />
+      <WixSrcFile Include="$(MSBuildThisFileDirectory)bundle/upgradePolicies.wxs" />
     </ItemGroup>
   </Target>
 
@@ -187,6 +188,8 @@
       <LocFile Include="$(BundleThemeDirectory)\theme\**\bundle.wxl" />
       <LocDirName Include="$([System.String]::new('%(LocFile.RecursiveDir)').TrimEnd('\'))" />
 
+      <CandleVariables Include="MajorVersion" Value="$(MajorVersion)" />
+      <CandleVariables Include="MinorVersion" Value="$(MinorVersion)" />
       <CandleVariables Include="DisplayVersion" Value="$(MajorVersion).$(MinorVersion).$(PatchVersion).$(BuildNumberMajor)" />
       <CandleVariables Include="LcidList" Value="@(LocDirName)" />
       <CandleVariables Include="BundleThmDir" Value="$(BundleThemeDirectory)" />