diff --git a/Lib/test/test_launcher.py b/Lib/test/test_launcher.py
index 362b507d158288..7dd0b67ea0b3dc 100644
--- a/Lib/test/test_launcher.py
+++ b/Lib/test/test_launcher.py
@@ -717,3 +717,11 @@ def test_literal_shebang_invalid_template(self):
             f"{expect} arg1 {script}",
             data["stdout"].strip(),
         )
+
+    def test_shebang_executable_extension(self):
+        with self.script('#! /usr/bin/env python3.12') as script:
+            data = self.run_py([script])
+        expect = "# Search PATH for python3.12.exe"
+        actual = [line.strip() for line in data["stderr"].splitlines()
+                  if line.startswith("# Search PATH")]
+        self.assertEqual([expect], actual)
diff --git a/Misc/NEWS.d/next/Windows/2024-05-22-19-43-29.gh-issue-119070._enton.rst b/Misc/NEWS.d/next/Windows/2024-05-22-19-43-29.gh-issue-119070._enton.rst
new file mode 100644
index 00000000000000..aab26f57209864
--- /dev/null
+++ b/Misc/NEWS.d/next/Windows/2024-05-22-19-43-29.gh-issue-119070._enton.rst
@@ -0,0 +1,3 @@
+Fixes ``py.exe`` handling of shebangs like ``/usr/bin/env python3.12``,
+which were previously interpreted as ``python3.exe`` instead of
+``python3.12.exe``.
diff --git a/PC/launcher2.c b/PC/launcher2.c
index c38cbc83a7ac0f..f331aab3f51e56 100644
--- a/PC/launcher2.c
+++ b/PC/launcher2.c
@@ -846,7 +846,7 @@ searchPath(SearchInfo *search, const wchar_t *shebang, int shebangLength)
     }
 
     wchar_t filename[MAXLEN];
-    if (wcsncpy_s(filename, MAXLEN, command, lastDot)) {
+    if (wcsncpy_s(filename, MAXLEN, command, commandLength)) {
         return RC_BAD_VIRTUAL_PATH;
     }
 
@@ -858,6 +858,8 @@ searchPath(SearchInfo *search, const wchar_t *shebang, int shebangLength)
         }
     }
 
+    debug(L"# Search PATH for %s\n", filename);
+
     wchar_t pathVariable[MAXLEN];
     int n = GetEnvironmentVariableW(L"PATH", pathVariable, MAXLEN);
     if (!n) {