diff --git a/cli/CHANGELOG.md b/cli/CHANGELOG.md
index d3f24a470fff..2e7eadc6ce21 100644
--- a/cli/CHANGELOG.md
+++ b/cli/CHANGELOG.md
@@ -1,4 +1,12 @@
 <!-- See the ../guides/writing-the-cypress-changelog.md for details on writing the changelog. -->
+## 14.3.2
+
+_Released 5/1/2025 (PENDING)_
+
+**Bugfixes:**
+
+- Fixed an issue where Create from Component feature might not be able to parse React components from project files. Fixed in [#31457](https://github.com/cypress-io/cypress/pull/31457).
+
 ## 14.3.1
 
 _Released 4/17/2025_
diff --git a/packages/app/src/specs/generators/component/ComponentGeneratorCard.vue b/packages/app/src/specs/generators/component/ComponentGeneratorCard.vue
index e245d7af6c97..7982b3e5a24b 100644
--- a/packages/app/src/specs/generators/component/ComponentGeneratorCard.vue
+++ b/packages/app/src/specs/generators/component/ComponentGeneratorCard.vue
@@ -4,7 +4,6 @@
     :header="t('createSpec.component.importFromComponent.header')"
     :description="t('createSpec.component.importFromComponent.description')"
     :icon="DocumentCodeIcon"
-    :badge-text="t('versions.new')"
   />
 </template>
 
diff --git a/packages/data-context/src/actions/CodegenActions.ts b/packages/data-context/src/actions/CodegenActions.ts
index d777923df7aa..b2b3de1675e1 100644
--- a/packages/data-context/src/actions/CodegenActions.ts
+++ b/packages/data-context/src/actions/CodegenActions.ts
@@ -33,6 +33,7 @@ export class CodegenActions {
       let result = parseReactComponent(src, {
         resolver: findAllWithLink(exportResolver, reactDocgenResolvers),
         babelOptions: {
+          configFile: false,
           parserOpts: {
             plugins: ['typescript', 'jsx'],
           },
diff --git a/packages/data-context/test/unit/actions/CodegenActions.spec.ts b/packages/data-context/test/unit/actions/CodegenActions.spec.ts
index 8baddc161722..978e2c17edb5 100644
--- a/packages/data-context/test/unit/actions/CodegenActions.spec.ts
+++ b/packages/data-context/test/unit/actions/CodegenActions.spec.ts
@@ -134,5 +134,29 @@ describe('CodegenActions', () => {
 
       expect(components).to.have.length(0)
     })
+
+    it('ensure that Babel is instructed to not use a config file', async () => {
+      let capturedOptions = null
+      const mockReactDocgen = {
+        parse: (src, options) => {
+          capturedOptions = options
+
+          return [{ displayName: 'TestComponent' }]
+        },
+        builtinResolvers: {
+          FindExportedDefinitionsResolver: class {
+            resolve () {
+              return []
+            }
+          },
+        },
+      }
+
+      const filePath = path.join(process.cwd(), 'test/unit/actions/project/counter-class.jsx')
+
+      await actions.getReactComponentsFromFile(filePath, mockReactDocgen)
+
+      expect(capturedOptions.babelOptions.configFile).to.equal(false)
+    })
   })
 })