diff --git a/.pre-commit-config.yaml b/.pre-commit-config.yaml
index ba45548d..a0925b00 100644
--- a/.pre-commit-config.yaml
+++ b/.pre-commit-config.yaml
@@ -1,6 +1,6 @@
 repos:
   - repo: https://github.com/antonbabenko/pre-commit-terraform
-    rev: v1.64.1
+    rev: v1.68.1
     hooks:
       - id: terraform_fmt
       - id: terraform_validate
diff --git a/examples/iam-role-for-service-accounts-eks/README.md b/examples/iam-role-for-service-accounts-eks/README.md
index c6a9f468..85067395 100644
--- a/examples/iam-role-for-service-accounts-eks/README.md
+++ b/examples/iam-role-for-service-accounts-eks/README.md
@@ -47,6 +47,7 @@ No providers.
 | <a name="module_load_balancer_controller_irsa_role"></a> [load\_balancer\_controller\_irsa\_role](#module\_load\_balancer\_controller\_irsa\_role) | ../../modules/iam-role-for-service-accounts-eks | n/a |
 | <a name="module_load_balancer_controller_targetgroup_binding_only_irsa_role"></a> [load\_balancer\_controller\_targetgroup\_binding\_only\_irsa\_role](#module\_load\_balancer\_controller\_targetgroup\_binding\_only\_irsa\_role) | ../../modules/iam-role-for-service-accounts-eks | n/a |
 | <a name="module_node_termination_handler_irsa_role"></a> [node\_termination\_handler\_irsa\_role](#module\_node\_termination\_handler\_irsa\_role) | ../../modules/iam-role-for-service-accounts-eks | n/a |
+| <a name="module_velero_irsa_role"></a> [velero\_irsa\_role](#module\_velero\_irsa\_role) | ../../modules/iam-role-for-service-accounts-eks | n/a |
 | <a name="module_vpc"></a> [vpc](#module\_vpc) | terraform-aws-modules/vpc/aws | ~> 3.0 |
 | <a name="module_vpc_cni_ipv4_irsa_role"></a> [vpc\_cni\_ipv4\_irsa\_role](#module\_vpc\_cni\_ipv4\_irsa\_role) | ../../modules/iam-role-for-service-accounts-eks | n/a |
 | <a name="module_vpc_cni_ipv6_irsa_role"></a> [vpc\_cni\_ipv6\_irsa\_role](#module\_vpc\_cni\_ipv6\_irsa\_role) | ../../modules/iam-role-for-service-accounts-eks | n/a |
diff --git a/examples/iam-role-for-service-accounts-eks/main.tf b/examples/iam-role-for-service-accounts-eks/main.tf
index 03372b5d..7e7e3f00 100644
--- a/examples/iam-role-for-service-accounts-eks/main.tf
+++ b/examples/iam-role-for-service-accounts-eks/main.tf
@@ -277,6 +277,23 @@ module "node_termination_handler_irsa_role" {
   tags = local.tags
 }
 
+module "velero_irsa_role" {
+  source = "../../modules/iam-role-for-service-accounts-eks"
+
+  role_name             = "velero"
+  attach_velero_policy  = true
+  velero_s3_bucket_arns = ["arn:aws:s3:::velero-backups"]
+
+  oidc_providers = {
+    ex = {
+      provider_arn               = module.eks.oidc_provider_arn
+      namespace_service_accounts = ["velero:velero"]
+    }
+  }
+
+  tags = local.tags
+}
+
 module "vpc_cni_ipv4_irsa_role" {
   source = "../../modules/iam-role-for-service-accounts-eks"
 
diff --git a/modules/iam-role-for-service-accounts-eks/README.md b/modules/iam-role-for-service-accounts-eks/README.md
index c6d78215..d09b6148 100644
--- a/modules/iam-role-for-service-accounts-eks/README.md
+++ b/modules/iam-role-for-service-accounts-eks/README.md
@@ -11,9 +11,11 @@ Creates an IAM role which can be assumed by AWS EKS `ServiceAccount`s with optio
 - [Karpenter](https://github.com/aws/karpenter/blob/main/website/content/en/preview/getting-started/cloudformation.yaml)
 - [Load Balancer Controller](https://github.com/kubernetes-sigs/aws-load-balancer-controller/blob/main/docs/install/iam_policy.json)
   - [Load Balancer Controller Target Group Binding Only](https://kubernetes-sigs.github.io/aws-load-balancer-controller/v2.4/deploy/installation/#iam-permission-subset-for-those-who-use-targetgroupbinding-only-and-dont-plan-to-use-the-aws-load-balancer-controller-to-manage-security-group-rules)
-- [Appmesh Controller](https://github.com/aws/aws-app-mesh-controller-for-k8s/blob/master/config/iam/controller-iam-policy.json)
+- [App Mesh Controller](https://github.com/aws/aws-app-mesh-controller-for-k8s/blob/master/config/iam/controller-iam-policy.json)
+  - [App Mesh Envoy Proxy](https://raw.githubusercontent.com/aws/aws-app-mesh-controller-for-k8s/master/config/iam/envoy-iam-policy.json)
 - [Managed Service for Prometheus](https://docs.aws.amazon.com/prometheus/latest/userguide/set-up-irsa.html)
 - [Node Termination Handler](https://github.com/aws/aws-node-termination-handler#5-create-an-iam-role-for-the-pods)
+- [Velero](https://github.com/vmware-tanzu/velero-plugin-for-aws#option-1-set-permissions-with-an-iam-user)
 - [VPC CNI](https://docs.aws.amazon.com/eks/latest/userguide/cni-iam-role.html)
 
 This module is intended to be used with AWS EKS. For details of how a `ServiceAccount` in EKS can assume an IAM role, see the [EKS documentation](https://docs.aws.amazon.com/eks/latest/userguide/iam-roles-for-service-accounts.html).
@@ -129,6 +131,7 @@ No modules.
 | [aws_iam_policy.load_balancer_controller](https://registry.terraform.io/providers/hashicorp/aws/latest/docs/resources/iam_policy) | resource |
 | [aws_iam_policy.load_balancer_controller_targetgroup_only](https://registry.terraform.io/providers/hashicorp/aws/latest/docs/resources/iam_policy) | resource |
 | [aws_iam_policy.node_termination_handler](https://registry.terraform.io/providers/hashicorp/aws/latest/docs/resources/iam_policy) | resource |
+| [aws_iam_policy.velero](https://registry.terraform.io/providers/hashicorp/aws/latest/docs/resources/iam_policy) | resource |
 | [aws_iam_policy.vpc_cni](https://registry.terraform.io/providers/hashicorp/aws/latest/docs/resources/iam_policy) | resource |
 | [aws_iam_role.this](https://registry.terraform.io/providers/hashicorp/aws/latest/docs/resources/iam_role) | resource |
 | [aws_iam_role_policy_attachment.amazon_managed_service_prometheus](https://registry.terraform.io/providers/hashicorp/aws/latest/docs/resources/iam_role_policy_attachment) | resource |
@@ -146,6 +149,7 @@ No modules.
 | [aws_iam_role_policy_attachment.load_balancer_controller_targetgroup_only](https://registry.terraform.io/providers/hashicorp/aws/latest/docs/resources/iam_role_policy_attachment) | resource |
 | [aws_iam_role_policy_attachment.node_termination_handler](https://registry.terraform.io/providers/hashicorp/aws/latest/docs/resources/iam_role_policy_attachment) | resource |
 | [aws_iam_role_policy_attachment.this](https://registry.terraform.io/providers/hashicorp/aws/latest/docs/resources/iam_role_policy_attachment) | resource |
+| [aws_iam_role_policy_attachment.velero](https://registry.terraform.io/providers/hashicorp/aws/latest/docs/resources/iam_role_policy_attachment) | resource |
 | [aws_iam_role_policy_attachment.vpc_cni](https://registry.terraform.io/providers/hashicorp/aws/latest/docs/resources/iam_role_policy_attachment) | resource |
 | [aws_caller_identity.current](https://registry.terraform.io/providers/hashicorp/aws/latest/docs/data-sources/caller_identity) | data source |
 | [aws_iam_policy_document.amazon_managed_service_prometheus](https://registry.terraform.io/providers/hashicorp/aws/latest/docs/data-sources/iam_policy_document) | data source |
@@ -163,6 +167,7 @@ No modules.
 | [aws_iam_policy_document.load_balancer_controller_targetgroup_only](https://registry.terraform.io/providers/hashicorp/aws/latest/docs/data-sources/iam_policy_document) | data source |
 | [aws_iam_policy_document.node_termination_handler](https://registry.terraform.io/providers/hashicorp/aws/latest/docs/data-sources/iam_policy_document) | data source |
 | [aws_iam_policy_document.this](https://registry.terraform.io/providers/hashicorp/aws/latest/docs/data-sources/iam_policy_document) | data source |
+| [aws_iam_policy_document.velero](https://registry.terraform.io/providers/hashicorp/aws/latest/docs/data-sources/iam_policy_document) | data source |
 | [aws_iam_policy_document.vpc_cni](https://registry.terraform.io/providers/hashicorp/aws/latest/docs/data-sources/iam_policy_document) | data source |
 | [aws_partition.current](https://registry.terraform.io/providers/hashicorp/aws/latest/docs/data-sources/partition) | data source |
 
@@ -186,6 +191,7 @@ No modules.
 | <a name="input_attach_load_balancer_controller_policy"></a> [attach\_load\_balancer\_controller\_policy](#input\_attach\_load\_balancer\_controller\_policy) | Determines whether to attach the Load Balancer Controller policy to the role | `bool` | `false` | no |
 | <a name="input_attach_load_balancer_controller_targetgroup_binding_only_policy"></a> [attach\_load\_balancer\_controller\_targetgroup\_binding\_only\_policy](#input\_attach\_load\_balancer\_controller\_targetgroup\_binding\_only\_policy) | Determines whether to attach the Load Balancer Controller policy for the TargetGroupBinding only | `bool` | `false` | no |
 | <a name="input_attach_node_termination_handler_policy"></a> [attach\_node\_termination\_handler\_policy](#input\_attach\_node\_termination\_handler\_policy) | Determines whether to attach the Node Termination Handler policy to the role | `bool` | `false` | no |
+| <a name="input_attach_velero_policy"></a> [attach\_velero\_policy](#input\_attach\_velero\_policy) | Determines whether to attach the Velero IAM policy to the role | `bool` | `false` | no |
 | <a name="input_attach_vpc_cni_policy"></a> [attach\_vpc\_cni\_policy](#input\_attach\_vpc\_cni\_policy) | Determines whether to attach the VPC CNI IAM policy to the role | `bool` | `false` | no |
 | <a name="input_cert_manager_hosted_zone_arns"></a> [cert\_manager\_hosted\_zone\_arns](#input\_cert\_manager\_hosted\_zone\_arns) | Route53 hosted zone ARNs to allow Cert manager to manage records | `list(string)` | <pre>[<br>  "arn:aws:route53:::hostedzone/*"<br>]</pre> | no |
 | <a name="input_cluster_autoscaler_cluster_ids"></a> [cluster\_autoscaler\_cluster\_ids](#input\_cluster\_autoscaler\_cluster\_ids) | List of cluster IDs to appropriately scope permissions within the Cluster Autoscaler IAM policy | `list(string)` | `[]` | no |
@@ -199,6 +205,7 @@ No modules.
 | <a name="input_karpenter_controller_cluster_id"></a> [karpenter\_controller\_cluster\_id](#input\_karpenter\_controller\_cluster\_id) | Cluster ID where the Karpenter controller is provisioned/managing | `string` | `"*"` | no |
 | <a name="input_karpenter_controller_node_iam_role_arns"></a> [karpenter\_controller\_node\_iam\_role\_arns](#input\_karpenter\_controller\_node\_iam\_role\_arns) | List of node IAM role ARNs Karpenter can use to launch nodes | `list(string)` | <pre>[<br>  "*"<br>]</pre> | no |
 | <a name="input_karpenter_controller_ssm_parameter_arns"></a> [karpenter\_controller\_ssm\_parameter\_arns](#input\_karpenter\_controller\_ssm\_parameter\_arns) | List of SSM Parameter ARNs that contain AMI IDs launched by Karpenter | `list(string)` | <pre>[<br>  "arn:aws:ssm:*:*:parameter/aws/service/*"<br>]</pre> | no |
+| <a name="input_karpenter_subnet_account_id"></a> [karpenter\_subnet\_account\_id](#input\_karpenter\_subnet\_account\_id) | Account ID of where the subnets Karpenter will utilize resides. Used when subnets are shared from another account | `string` | `""` | no |
 | <a name="input_karpenter_tag_key"></a> [karpenter\_tag\_key](#input\_karpenter\_tag\_key) | Tag key (`{key = value}`) applied to resources launched by Karpenter through the Karpenter provisioner | `string` | `"karpenter.sh/discovery"` | no |
 | <a name="input_max_session_duration"></a> [max\_session\_duration](#input\_max\_session\_duration) | Maximum CLI/API session duration in seconds between 3600 and 43200 | `number` | `null` | no |
 | <a name="input_node_termination_handler_sqs_queue_arns"></a> [node\_termination\_handler\_sqs\_queue\_arns](#input\_node\_termination\_handler\_sqs\_queue\_arns) | List of SQS ARNs that contain node termination events | `list(string)` | <pre>[<br>  "*"<br>]</pre> | no |
@@ -210,6 +217,7 @@ No modules.
 | <a name="input_role_permissions_boundary_arn"></a> [role\_permissions\_boundary\_arn](#input\_role\_permissions\_boundary\_arn) | Permissions boundary ARN to use for IAM role | `string` | `null` | no |
 | <a name="input_role_policy_arns"></a> [role\_policy\_arns](#input\_role\_policy\_arns) | ARNs of any policies to attach to the IAM role | `list(string)` | `[]` | no |
 | <a name="input_tags"></a> [tags](#input\_tags) | A map of tags to add the the IAM role | `map(any)` | `{}` | no |
+| <a name="input_velero_s3_bucket_arns"></a> [velero\_s3\_bucket\_arns](#input\_velero\_s3\_bucket\_arns) | List of S3 Bucket ARNs that Velero needs access to in order to backup and restore cluster resources | `list(string)` | <pre>[<br>  "*"<br>]</pre> | no |
 | <a name="input_vpc_cni_enable_ipv4"></a> [vpc\_cni\_enable\_ipv4](#input\_vpc\_cni\_enable\_ipv4) | Determines whether to enable IPv4 permissions for VPC CNI policy | `bool` | `false` | no |
 | <a name="input_vpc_cni_enable_ipv6"></a> [vpc\_cni\_enable\_ipv6](#input\_vpc\_cni\_enable\_ipv6) | Determines whether to enable IPv6 permissions for VPC CNI policy | `bool` | `false` | no |
 
diff --git a/modules/iam-role-for-service-accounts-eks/policies.tf b/modules/iam-role-for-service-accounts-eks/policies.tf
index 87a874b9..a134c3f9 100644
--- a/modules/iam-role-for-service-accounts-eks/policies.tf
+++ b/modules/iam-role-for-service-accounts-eks/policies.tf
@@ -552,7 +552,7 @@ data "aws_iam_policy_document" "karpenter_controller" {
     resources = [
       "arn:${local.partition}:ec2:*:${local.account_id}:launch-template/*",
       "arn:${local.partition}:ec2:*:${local.account_id}:security-group/*",
-      "arn:${local.partition}:ec2:*:${local.account_id}:subnet/*",
+      "arn:${local.partition}:ec2:*:${coalesce(var.karpenter_subnet_account_id, local.account_id)}:subnet/*",
     ]
 
     condition {
@@ -1137,6 +1137,66 @@ resource "aws_iam_role_policy_attachment" "node_termination_handler" {
   policy_arn = aws_iam_policy.node_termination_handler[0].arn
 }
 
+################################################################################
+# Velero Policy
+################################################################################
+
+# https://github.com/vmware-tanzu/velero-plugin-for-aws#set-permissions-for-velero
+data "aws_iam_policy_document" "velero" {
+  count = var.create_role && var.attach_velero_policy ? 1 : 0
+
+  statement {
+    sid = "Ec2ReadWrite"
+    actions = [
+      "ec2:DescribeVolumes",
+      "ec2:DescribeSnapshots",
+      "ec2:CreateTags",
+      "ec2:CreateVolume",
+      "ec2:CreateSnapshot",
+      "ec2:DeleteSnapshot",
+    ]
+    resources = ["*"]
+  }
+
+  statement {
+    sid = "S3ReadWrite"
+    actions = [
+      "s3:GetObject",
+      "s3:DeleteObject",
+      "s3:PutObject",
+      "s3:AbortMultipartUpload",
+      "s3:ListMultipartUploadParts",
+    ]
+    resources = [for bucket in var.velero_s3_bucket_arns : "${bucket}/*"]
+  }
+
+  statement {
+    sid = "S3List"
+    actions = [
+      "s3:ListBucket",
+    ]
+    resources = var.velero_s3_bucket_arns
+  }
+}
+
+resource "aws_iam_policy" "velero" {
+  count = var.create_role && var.attach_velero_policy ? 1 : 0
+
+  name_prefix = "AmazonEKS_Velero_Policy-"
+  path        = var.role_path
+  description = "Provides Velero permissions to backup and restore cluster resources"
+  policy      = data.aws_iam_policy_document.velero[0].json
+
+  tags = var.tags
+}
+
+resource "aws_iam_role_policy_attachment" "velero" {
+  count = var.create_role && var.attach_velero_policy ? 1 : 0
+
+  role       = aws_iam_role.this[0].name
+  policy_arn = aws_iam_policy.velero[0].arn
+}
+
 ################################################################################
 # VPC CNI Policy
 ################################################################################
diff --git a/modules/iam-role-for-service-accounts-eks/variables.tf b/modules/iam-role-for-service-accounts-eks/variables.tf
index 4eaf2a3b..d96b4641 100644
--- a/modules/iam-role-for-service-accounts-eks/variables.tf
+++ b/modules/iam-role-for-service-accounts-eks/variables.tf
@@ -197,6 +197,12 @@ variable "karpenter_controller_node_iam_role_arns" {
   default     = ["*"]
 }
 
+variable "karpenter_subnet_account_id" {
+  description = "Account ID of where the subnets Karpenter will utilize resides. Used when subnets are shared from another account"
+  type        = string
+  default     = ""
+}
+
 # AWS Load Balancer Controller
 variable "attach_load_balancer_controller_policy" {
   description = "Determines whether to attach the Load Balancer Controller policy to the role"
@@ -239,6 +245,19 @@ variable "amazon_managed_service_prometheus_workspace_arns" {
   default     = ["*"]
 }
 
+# Velero
+variable "attach_velero_policy" {
+  description = "Determines whether to attach the Velero IAM policy to the role"
+  type        = bool
+  default     = false
+}
+
+variable "velero_s3_bucket_arns" {
+  description = "List of S3 Bucket ARNs that Velero needs access to in order to backup and restore cluster resources"
+  type        = list(string)
+  default     = ["*"]
+}
+
 # VPC CNI
 variable "attach_vpc_cni_policy" {
   description = "Determines whether to attach the VPC CNI IAM policy to the role"