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The goal of this chapter is to synthesize and define a growing group of therapies that are generally considered part of the cognitive behavioral theoretical orientation, but, based on a variety of factors, may represent a “new generation” of cognitive behavioral therapy (CBT). It shows some of the ways that CBT has transformed since its inception, and reviews previous work that has supported and informed the development of the latter therapies. It highlights some of the key concepts (e.g., acceptance, mindfulness, and values) of the newer forms of CBT that indicate some meaningful shifts may have occurred within the field of CBT. The clinical utility of these techniques, specifically in acceptance and commitment therapy (ACT), dialectical behavior therapy (DBT), mindfulness‐based stress reduction (MBSR), mindfulness‐based cognitive therapy (MBCT), and metacognitive therapy (MCT), for anxiety disorders is covered. Finally, the chapter offers suggestions for the successful future development of CBT.