diff --git a/changelogs/fragments/2355-float-stepscaling-bounds.yml b/changelogs/fragments/2355-float-stepscaling-bounds.yml
new file mode 100644
index 00000000000..a36c46659ee
--- /dev/null
+++ b/changelogs/fragments/2355-float-stepscaling-bounds.yml
@@ -0,0 +1,2 @@
+bugfixes:
+  - autoscaling_policy - allow float type for ``step_adjustments`` ``lower_bound`` and ``upper_bound`` parameters (https://github.com/ansible-collections/community.aws/issues/2355)
diff --git a/plugins/modules/autoscaling_policy.py b/plugins/modules/autoscaling_policy.py
index 6e26edf0cf3..d2634f67966 100644
--- a/plugins/modules/autoscaling_policy.py
+++ b/plugins/modules/autoscaling_policy.py
@@ -94,12 +94,12 @@
     elements: dict
     suboptions:
       lower_bound:
-        type: int
+        type: float
         description:
           - The lower bound for the difference between the alarm threshold and
             the CloudWatch metric.
       upper_bound:
-        type: int
+        type: float
         description:
           - The upper bound for the difference between the alarm threshold and
             the CloudWatch metric.
@@ -549,7 +549,9 @@ def delete_scaling_policy(connection, module):
 
 def main():
     step_adjustment_spec = dict(
-        lower_bound=dict(type="int"), upper_bound=dict(type="int"), scaling_adjustment=dict(type="int", required=True)
+        lower_bound=dict(type="float"),
+        upper_bound=dict(type="float"),
+        scaling_adjustment=dict(type="int", required=True),
     )
 
     predefined_metric_spec = dict(
diff --git a/tests/integration/targets/autoscaling_policy/tasks/main.yml b/tests/integration/targets/autoscaling_policy/tasks/main.yml
index 684522d641a..bf606ce53d7 100644
--- a/tests/integration/targets/autoscaling_policy/tasks/main.yml
+++ b/tests/integration/targets/autoscaling_policy/tasks/main.yml
@@ -153,6 +153,52 @@
           - result.changed
           - result.adjustment_type == "PercentChangeInCapacity"
 
+    - name: Update Step Scaling policy with float bounds
+      autoscaling_policy:
+        name: "{{ resource_prefix }}_stepscaling_policy"
+        asg_name: "{{ scaling_policy_asg_name }}"
+        state: present
+        policy_type: StepScaling
+        metric_aggregation: Maximum
+        step_adjustments:
+        - upper_bound: 10.5
+          scaling_adjustment: 50
+        - lower_bound: 10.5
+          upper_bound: 30.75
+          scaling_adjustment: 75
+        - lower_bound: 30.75
+          scaling_adjustment: 100
+        adjustment_type: "PercentChangeInCapacity"
+      register: result
+
+    - assert:
+        that:
+          - result.policy_name == resource_prefix ~ '_stepscaling_policy'
+          - result.changed
+
+    - name: Update Step Scaling policy with float bounds (idempotency)
+      autoscaling_policy:
+        name: "{{ resource_prefix }}_stepscaling_policy"
+        asg_name: "{{ scaling_policy_asg_name }}"
+        state: present
+        policy_type: StepScaling
+        metric_aggregation: Maximum
+        step_adjustments:
+        - upper_bound: 10.5
+          scaling_adjustment: 50
+        - lower_bound: 10.5
+          upper_bound: 30.75
+          scaling_adjustment: 75
+        - lower_bound: 30.75
+          scaling_adjustment: 100
+        adjustment_type: "PercentChangeInCapacity"
+      register: result
+
+    - assert:
+        that:
+          - result.policy_name == resource_prefix ~ '_stepscaling_policy'
+          - not result.changed
+
     - name: Remove Step Scaling policy
       autoscaling_policy:
         name: "{{ resource_prefix }}_stepscaling_policy"