diff --git a/Control/Concurrent/Stream.hs b/Control/Concurrent/Stream.hs
new file mode 100644
index 0000000..3c8d666
--- /dev/null
+++ b/Control/Concurrent/Stream.hs
@@ -0,0 +1,138 @@
+{-
+  Copyright (c) Meta Platforms, Inc. and affiliates.
+  All rights reserved.
+
+  This source code is licensed under the BSD-style license found in the
+  LICENSE file in the root directory of this source tree.
+-}
+
+-- | Processing streams with a fixed number of worker threads
+module Control.Concurrent.Stream
+  ( stream
+  , streamBound
+  , streamWithInput
+  , streamWithOutput
+  , streamWithInputOutput
+  , mapConcurrentlyBounded
+  , forConcurrentlyBounded
+  ) where
+
+import Control.Concurrent.Async
+import Control.Concurrent.STM
+import Control.Exception
+import Control.Monad
+import Data.Maybe
+import Data.IORef
+
+data ShouldBindThreads = BoundThreads | UnboundThreads
+
+-- | Maps a fixed number of workers concurrently over a stream of values
+-- produced by a producer function. The producer is passed a function to
+-- call for each work item. If a worker throws a synchronous exception, it
+-- will be propagated to the caller.
+stream
+  :: Int -- ^ Maximum Concurrency
+  -> ((a -> IO ()) -> IO ()) -- ^ Producer
+  -> (a -> IO ()) -- ^ Worker
+  -> IO ()
+stream maxConcurrency producer worker =
+  streamWithInput producer (replicate maxConcurrency ()) $ const worker
+
+-- | Like stream, but uses bound threads for the workers.  See
+-- 'Control.Concurrent.forkOS' for details on bound threads.
+streamBound
+  :: Int -- ^ Maximum Concurrency
+  -> ((a -> IO ()) -> IO ()) -- ^ Producer
+  -> (a -> IO ()) -- ^ Worker
+  -> IO ()
+streamBound maxConcurrency producer worker =
+  stream_ BoundThreads producer (replicate maxConcurrency ()) $ const worker
+
+-- | Like stream, but each worker is passed an element of an input list.
+streamWithInput
+  :: ((a -> IO ()) -> IO ()) -- ^ Producer
+  -> [b] -- ^ Worker state
+  -> (b -> a -> IO ()) -- ^ Worker
+  -> IO ()
+streamWithInput = stream_ UnboundThreads
+
+-- | Like 'stream', but collects the results of each worker
+streamWithOutput
+  :: Int 
+  -> ((a -> IO ()) -> IO ()) -- ^ Producer
+  -> (a -> IO c) -- ^ Worker
+  -> IO [c]
+streamWithOutput maxConcurrency producer worker =
+  streamWithInputOutput producer (replicate maxConcurrency ()) $ 
+    const worker
+
+-- | Like 'streamWithInput', but collects the results of each worker
+streamWithInputOutput
+  :: ((a -> IO ()) -> IO ()) -- ^ Producer
+  -> [b] -- ^ Worker input
+  -> (b -> a -> IO c) -- ^ Worker
+  -> IO [c]
+streamWithInputOutput producer workerInput worker = do
+  results <- newIORef []
+  let prod write = producer $ \a -> do
+        res <- newIORef Nothing
+        modifyIORef results (res :)
+        write (a, res)
+  stream_ UnboundThreads prod workerInput $ \s (a,ref) -> do
+    worker s a >>= writeIORef ref . Just
+  readIORef results >>= mapM readIORef >>= return . catMaybes . reverse
+    
+stream_
+  :: ShouldBindThreads -- use bound threads?
+  -> ((a -> IO ()) -> IO ()) -- ^ Producer
+  -> [b] -- Worker input
+  -> (b -> a -> IO ()) -- ^ Worker
+  -> IO ()
+stream_ useBoundThreads producer workerInput worker = do
+  let maxConcurrency = length workerInput
+  q <- atomically $ newTBQueue (fromIntegral maxConcurrency)
+  let write x = atomically $ writeTBQueue q (Just x)
+  mask $ \unmask ->
+    concurrently_ (runWorkers unmask q) $ unmask $ do
+      -- run the producer
+      producer write
+      -- write end-markers for all workers
+      replicateM_ maxConcurrency $
+        atomically $ writeTBQueue q Nothing
+  where
+    runWorkers unmask q = case useBoundThreads of
+      BoundThreads ->
+        foldr1 concurrentlyBound $
+          map (runWorker unmask q) workerInput
+      UnboundThreads ->
+        mapConcurrently_ (runWorker unmask q) workerInput
+
+    concurrentlyBound l r =
+      withAsyncBound l $ \a ->
+      withAsyncBound r $ \b ->
+      void $ waitBoth a b
+
+    runWorker unmask q s = do
+      v <- atomically $ readTBQueue q
+      case v of
+        Nothing -> return ()
+        Just t -> do
+          unmask (worker s t)
+          runWorker unmask q s
+
+-- | Concurrent map over a list of values, using a bounded number of threads.
+mapConcurrentlyBounded
+  :: Int -- ^ Maximum concurrency
+  -> (a -> IO b) -- ^ Function to map over the input values
+  -> [a] -- ^ List of input values
+  -> IO [b] -- ^ List of output values
+mapConcurrentlyBounded maxConcurrency f input =
+  streamWithOutput maxConcurrency (forM_ input) f
+  
+-- | 'mapConcurrentlyBounded' but with its arguments reversed
+forConcurrentlyBounded
+  :: Int -- ^ Maximum concurrency
+  -> [a] -- ^ List of input values
+  -> (a -> IO b) -- ^ Function to map over the input values
+  -> IO [b] -- ^ List of output values
+forConcurrentlyBounded = flip . mapConcurrentlyBounded
diff --git a/async.cabal b/async.cabal
index a0f5838..da76dd3 100644
--- a/async.cabal
+++ b/async.cabal
@@ -1,5 +1,5 @@
 name:                async
-version:             2.2.5
+version:             2.2.6
 -- don't forget to update ./changelog.md!
 synopsis:            Run IO operations asynchronously and wait for their results
 
@@ -81,6 +81,7 @@ library
         other-extensions: Trustworthy
     exposed-modules:     Control.Concurrent.Async
                          Control.Concurrent.Async.Internal
+                         Control.Concurrent.Stream
     build-depends:       base     >= 4.3     && < 4.22,
                          hashable >= 1.1.2.0 && < 1.6,
                          stm      >= 2.2     && < 2.6
@@ -89,6 +90,7 @@ library
 
 test-suite test-async
     default-language: Haskell2010
+    ghc-options: -threaded
     type:       exitcode-stdio-1.0
     hs-source-dirs: test
     main-is:    test-async.hs
diff --git a/changelog.md b/changelog.md
index 0544b82..50baea8 100644
--- a/changelog.md
+++ b/changelog.md
@@ -1,3 +1,9 @@
+## Changes in 2.2.6
+
+ - Added Control.Concurrent.Stream for processing streams with a fixed
+   number of workers. Includes a bounded version of mapConcurrently:
+   mapConcurrentlyBounded.
+
 ## Changes in 2.2.5
 
  - #117: Document that empty for Concurrently waits forever
diff --git a/test/test-async.hs b/test/test-async.hs
index f781b15..58801fa 100644
--- a/test/test-async.hs
+++ b/test/test-async.hs
@@ -8,6 +8,7 @@ import Test.HUnit
 
 import Control.Concurrent.STM
 import Control.Concurrent.Async
+import Control.Concurrent.Stream
 import Control.Exception
 import Data.IORef
 import Data.Typeable
@@ -65,6 +66,15 @@ tests = [
       , testCase "concurrentlyE_Monoid" concurrentlyE_Monoid
       , testCase "concurrentlyE_Monoid_fail" concurrentlyE_Monoid_fail
 #endif
+  , testCase "stream" $ case_stream False
+  , testCase "streamBound" $ case_stream True
+  , testCase "stream_exception" $ case_stream_exception False
+  , testCase "streamBound_exception" $ case_stream_exception True
+  , testCase "streamWithInput" case_streamInput
+  , testCase "streamWithInput_exception" case_streamInput_exception
+  , testCase "mapConcurrentlyBounded" case_mapConcurrentlyBounded
+  , testCase "mapConcurrentlyBounded_exception" 
+      case_mapConcurrentlyBounded_exception
   ]
  ]
 
@@ -459,3 +469,53 @@ concurrentlyE_Monoid_fail = do
         r :: Either Char [Char] <- runConcurrentlyE $ foldMap ConcurrentlyE $ current
         assertEqual "The earliest failure" (Left 'u') r
 #endif
+
+case_stream :: Bool -> Assertion
+case_stream bound = do
+  ref <- newIORef []
+  let inp = [1..100]
+  let producer write = forM_ inp $ \x -> write (show x)
+  (if bound then streamBound else stream) 4 producer $ \s -> atomicModifyIORef ref (\l -> (s:l, ()))
+  res <- readIORef ref
+  sort res @?= sort (map show inp)
+
+case_stream_exception :: Bool -> Assertion
+case_stream_exception bound = do
+  let inp = [1..100]
+  let producer write = forM_ inp $ \x -> write (show x)
+  r <- try $ (if bound then streamBound else stream) 4 producer $ \s -> 
+    when (s == "3") $ throwIO (ErrorCall s)
+  r @?= Left (ErrorCall "3" :: ErrorCall)
+
+case_streamInput :: Assertion
+case_streamInput = do
+  ref <- newIORef []
+  let inp = [1..100]; workers = [1..4] :: [Int]
+  let producer write = forM_ inp $ \x -> write (show x)
+  streamWithInput producer workers $ \s t -> atomicModifyIORef ref (\l -> ((s,t):l, ()))
+  res <- readIORef ref
+  sort (map snd res) @?= sort (map show inp)
+  all ((`elem` workers) . fst) res @?= True
+
+case_streamInput_exception :: Assertion
+case_streamInput_exception = do
+  let inp = [1..100]; workers = [1..4] :: [Int]
+  let producer write = forM_ inp $ \x -> write (show x)
+  r <- try $ streamWithInput producer workers $ \s t -> 
+    when (t == "3") $ throwIO (ErrorCall t)
+  r @?= Left (ErrorCall "3" :: ErrorCall)
+
+case_mapConcurrentlyBounded :: Assertion
+case_mapConcurrentlyBounded = do
+  let inp = [1..100]
+  let f x = threadDelay 1000 >> return (x * 2)
+  res <- mapConcurrentlyBounded 4 f inp
+  res @?= map (*2) inp
+
+case_mapConcurrentlyBounded_exception :: Assertion
+case_mapConcurrentlyBounded_exception = do
+  let inp = [1..100]
+  let f x | x == 3 = throwIO $ ErrorCall "3"
+          | otherwise = threadDelay 1000 >> return (x * 2)
+  res <- try $ mapConcurrentlyBounded 4 f inp
+  res @?= Left (ErrorCall "3" :: ErrorCall)