diff --git a/lib/Serialization/SerializedModuleLoader.cpp b/lib/Serialization/SerializedModuleLoader.cpp
index 376af17ade6..3417f901231 100644
--- a/lib/Serialization/SerializedModuleLoader.cpp
+++ b/lib/Serialization/SerializedModuleLoader.cpp
@@ -264,24 +264,24 @@ SerializedModuleLoaderBase::findModule(AccessPathElem moduleID,
     moduleFramework += ".framework";
     isFramework = true;
 
-    auto tryFrameworkImport = [&](StringRef frameworkPath) -> bool {
+    auto tryFrameworkImport = [&](StringRef frameworkPath) -> Optional<bool> {
       currPath = frameworkPath;
       llvm::sys::path::append(currPath, moduleFramework.str());
 
       // Check if the framework directory exists
       if (!fs.exists(currPath)) {
-        return false;
+        return None;
       }
 
       // Frameworks always use architecture-specific files within a .swiftmodule
       // directory.
       llvm::sys::path::append(currPath, "Modules", fileNames.module.str());
-      return findTargetSpecificModuleFiles().getValueOr(false);
+      return findTargetSpecificModuleFiles();
     };
 
     for (const auto &framepath : Ctx.SearchPathOpts.FrameworkSearchPaths) {
-      if (tryFrameworkImport(framepath.Path))
-        return true;
+      if (auto outcome = tryFrameworkImport(framepath.Path))
+        return outcome.getValue();
     }
 
     if (Ctx.LangOpts.Target.isOSDarwin()) {
@@ -290,13 +290,13 @@ SerializedModuleLoaderBase::findModule(AccessPathElem moduleID,
       SmallString<256> scratch;
       scratch = Ctx.SearchPathOpts.SDKPath;
       llvm::sys::path::append(scratch, "System", "Library", "Frameworks");
-      if (tryFrameworkImport(scratch))
-        return true;
+      if (auto outcome = tryFrameworkImport(scratch))
+        return outcome.getValue();
 
       scratch = Ctx.SearchPathOpts.SDKPath;
       llvm::sys::path::append(scratch, "Library", "Frameworks");
-      if (tryFrameworkImport(scratch))
-        return true;
+      if (auto outcome = tryFrameworkImport(scratch))
+        return outcome.getValue();
     }
   }
 
diff --git a/test/ParseableInterface/ModuleCache/prefer-local-module-to-sdk-framework.swift b/test/ParseableInterface/ModuleCache/prefer-local-module-to-sdk-framework.swift
new file mode 100644
index 00000000000..a9441ce33a9
--- /dev/null
+++ b/test/ParseableInterface/ModuleCache/prefer-local-module-to-sdk-framework.swift
@@ -0,0 +1,31 @@
+// RUN: %empty-directory(%t/BuildDir/Lib.framework/Modules/Lib.swiftmodule)
+// RUN: %empty-directory(%t/SecondBuildDir/Lib.framework/Modules/Lib.swiftmodule)
+// RUN: %empty-directory(%t/ModuleCache)
+
+// RUN: echo 'public func showsUpInBothPlaces() {}' > %t/Lib.swift
+
+// 1. Create a .swiftinterface file containing just one API, and put it inside a second build dir (without a .swiftmodule)
+// RUN: %target-swift-frontend -typecheck %t/Lib.swift -emit-parseable-module-interface-path %t/SecondBuildDir/Lib.framework/Modules/Lib.swiftmodule/%target-cpu.swiftinterface -module-name Lib
+
+// 2. Add a new API to the module, and compile just the serialized version in the build dir.
+// RUN: echo 'public func onlyInTheCompiledModule() {}' >> %t/Lib.swift
+// RUN: %target-swift-frontend -emit-module %t/Lib.swift -o %t/BuildDir/Lib.framework/Modules/Lib.swiftmodule/%target-cpu.swiftmodule -emit-parseable-module-interface-path %t/BuildDir/Lib.framework/Modules/Lib.swiftmodule/%target-cpu.swiftinterface -module-name Lib
+
+// 3. Make sure when we compile this test file, we can access both APIs since we'll
+//    load the compiled .swiftmodule instead of the .swiftinterface in the SDK.
+// RUN: %target-swift-frontend -typecheck %s -F %t/BuildDir -F %t/SecondBuildDir -module-cache-path %t/ModuleCache
+
+// 4. Make sure we didn't compile any .swiftinterfaces into the module cache.
+// RUN: ls %t/ModuleCache | not grep 'swiftmodule'
+
+// 5. This should also work if the swiftinterface isn't present in the first build dir.
+// RUN: rm %t/BuildDir/Lib.framework/Modules/Lib.swiftmodule/%target-cpu.swiftinterface
+// RUN: %target-swift-frontend -typecheck %s -F %t/BuildDir -F %t/SecondBuildDir -module-cache-path %t/ModuleCache
+
+// 6. Make sure we /still/ didn't compile any .swiftinterfaces into the module cache.
+// RUN: ls %t/ModuleCache | not grep 'swiftmodule'
+
+import Lib
+
+showsUpInBothPlaces()
+onlyInTheCompiledModule()
diff --git a/test/ParseableInterface/ModuleCache/prefer-local-module-to-sdk.swift b/test/ParseableInterface/ModuleCache/prefer-local-module-to-sdk.swift
index daf0323403f..83adb3828eb 100644
--- a/test/ParseableInterface/ModuleCache/prefer-local-module-to-sdk.swift
+++ b/test/ParseableInterface/ModuleCache/prefer-local-module-to-sdk.swift
@@ -5,7 +5,7 @@
 // RUN: echo 'public func showsUpInBothPlaces() {}' > %t/Lib.swift
 
 // 1. Create a .swiftinterface file containing just one API, and put it inside a second build dir (without a .swiftmodule)
-// RUN: %target-swift-frontend -typecheck %t/Lib.swift -emit-parseable-module-interface-path %t/SecondBuildDir/Lib.swiftmodule/%target-cpu.swiftinterface
+// RUN: %target-swift-frontend -typecheck %t/Lib.swift -emit-parseable-module-interface-path %t/SecondBuildDir/Lib.swiftmodule/%target-cpu.swiftinterface -module-name Lib
 
 // 2. Add a new API to the module, and compile just the serialized version in the build dir.
 // RUN: echo 'public func onlyInTheCompiledModule() {}' >> %t/Lib.swift
@@ -18,7 +18,14 @@
 // 4. Make sure we didn't compile any .swiftinterfaces into the module cache.
 // RUN: ls %t/ModuleCache | not grep 'swiftmodule'
 
+// 5. This should also work if the swiftinterface isn't present in the first build dir.
+// RUN: rm %t/BuildDir/Lib.swiftinterface
+// RUN: %target-swift-frontend -typecheck %s -I %t/BuildDir -I %t/SecondBuildDir -module-cache-path %t/ModuleCache
+
+// 6. Make sure we /still/ didn't compile any .swiftinterfaces into the module cache.
+// RUN: ls %t/ModuleCache | not grep 'swiftmodule'
+
 import Lib
 
 showsUpInBothPlaces()
-onlyInTheCompiledModule()
\ No newline at end of file
+onlyInTheCompiledModule()