diff --git a/packages/compose/README.md b/packages/compose/README.md
index 7ea63819d97b8..418c1658d1980 100644
--- a/packages/compose/README.md
+++ b/packages/compose/README.md
@@ -196,7 +196,9 @@ render in components in `useCallback`.
 
 _Parameters_
 
--   _args_ `[TFunc, ...DebounceTailParameters]`: Arguments passed to Lodash's `debounce`.
+-   _fn_ `TFunc`: 
+-   _wait_ `[number]`: 
+-   _options_ `[import('lodash').DebounceSettings]`: 
 
 _Returns_
 
diff --git a/packages/compose/src/hooks/use-debounce/index.js b/packages/compose/src/hooks/use-debounce/index.js
index 8b86103100ecc..ae1f1d1873c32 100644
--- a/packages/compose/src/hooks/use-debounce/index.js
+++ b/packages/compose/src/hooks/use-debounce/index.js
@@ -10,17 +10,6 @@ import { useMemoOne } from 'use-memo-one';
 import { useEffect } from '@wordpress/element';
 
 /* eslint-disable jsdoc/valid-types */
-/**
- * @template T
- * @typedef {T extends [any, ...infer R] ? R : never} TailParameters
- */
-
-// We want to keep the type of the function that is passed in but the rest we don't
-// really care about, so this allows us to ignore the details of the rest of the paramters
-// while still maintaining the proper generic type for `debounce` where the returned
-// function matchest the signature of the passed in function.
-/** @typedef {TailParameters<Parameters<typeof debounce>>} DebounceTailParameters */
-
 /**
  * Debounces a function with Lodash's `debounce`. A new debounced function will
  * be returned and any scheduled calls cancelled if any of the arguments change,
@@ -28,13 +17,19 @@ import { useEffect } from '@wordpress/element';
  * render in components in `useCallback`.
  *
  * @template {(...args: any[]) => void} TFunc
- * @param {[TFunc, ...DebounceTailParameters]} args Arguments passed to Lodash's `debounce`.
  *
+ * @param {TFunc} fn
+ * @param {number} [wait]
+ * @param {import('lodash').DebounceSettings} [options]
  * @return {TFunc & import('lodash').Cancelable} Debounced function.
  */
-export default function useDebounce( ...args ) {
+export default function useDebounce( fn, wait, options ) {
 	/* eslint-enable jsdoc/valid-types */
-	const debounced = useMemoOne( () => debounce( ...args ), args );
+	const debounced = useMemoOne( () => debounce( fn, wait, options ), [
+		fn,
+		wait,
+		options,
+	] );
 	useEffect( () => () => debounced.cancel(), [ debounced ] );
 	return debounced;
 }