diff --git a/Lib/test/test_compile.py b/Lib/test/test_compile.py
index 096501513c1..7ebe837fce1 100644
--- a/Lib/test/test_compile.py
+++ b/Lib/test/test_compile.py
@@ -1008,6 +1008,16 @@ if 1:
             elif instr.opname in HANDLED_JUMPS:
                 self.assertNotEqual(instr.arg, (line + 1)*INSTR_SIZE)
 
+    def test_no_wraparound_jump(self):
+        # See https://bugs.python.org/issue46724
+
+        def while_not_chained(a, b, c):
+            while not (a < b < c):
+                pass
+
+        for instr in dis.Bytecode(while_not_chained):
+            self.assertNotEqual(instr.opname, "EXTENDED_ARG")
+
 @requires_debug_ranges()
 class TestSourcePositions(unittest.TestCase):
     # Ensure that compiled code snippets have correct line and column numbers
diff --git a/Misc/NEWS.d/next/Core and Builtins/2022-02-14-14-44-06.bpo-46724.jym_K6.rst b/Misc/NEWS.d/next/Core and Builtins/2022-02-14-14-44-06.bpo-46724.jym_K6.rst
new file mode 100644
index 00000000000..7324182677a
--- /dev/null
+++ b/Misc/NEWS.d/next/Core and Builtins/2022-02-14-14-44-06.bpo-46724.jym_K6.rst	
@@ -0,0 +1,2 @@
+Make sure that all backwards jumps use the ``JUMP_ABSOLUTE`` instruction, rather
+than ``JUMP_FORWARD`` with an argument of ``(2**32)+offset``.
diff --git a/Python/compile.c b/Python/compile.c
index 1cf20d3a36a..786ef4e8ad3 100644
--- a/Python/compile.c
+++ b/Python/compile.c
@@ -7534,6 +7534,11 @@ normalize_jumps(struct assembler *a)
                 last->i_opcode = JUMP_FORWARD;
             }
         }
+        if (last->i_opcode == JUMP_FORWARD) {
+            if (last->i_target->b_visited == 1) {
+                last->i_opcode = JUMP_ABSOLUTE;
+            }
+        }
     }
 }