Senate Republican and Democratic leaders announced Tuesday they would accept a House plan to authorize highway funding until October 29.

The short-term measure is expected to pass the House on Wednesday and then head to the Senate, where both GOP and Democratic leaders predicted it would pass "quickly."

It does not include a provision to revive the expired Export-Import Bank, effectively leaving the bank dormant until at least September. The longer-term bill in the Senate had language to revive the bank, but House Republicans said they wouldn't consider that bill this week.

The announcement brings an end to the impasse between the two chambers over highway funding ahead of a Friday deadline, when authorization for spending on highway and bridge projects expires. It will also mark the 35th time Congress has passed a short-term bill to authorize highway projects, even though lawmakers have clamored for a multi-year bill.

Senate Majority Leader Mitch McConnell, R-Ky., who had been pushing the House to take up a six-year funding measure now on the Senate floor, said he agreed to take up the House bill after lawmakers there promised negotiations this fall that would include the Senate proposal when Congress resumes in September.

The House is expected to adjourn for the August recess on Wednesday. The Senate will follow next week.

McConnell's decision to accept the House bill comes after House GOP leaders said repeatedly they will not take up the Senate long-term measure.

"The good news is, the House has decided to process, in early September, a multi-year highway bill of their own and that will lead to a conference between the Senate and the House multi-year highway bills and hopefully a conference report," McConnell said.

But agreement over highway funding isn't likely to last. House Republicans plan to write a long-term funding measure that would likely be funded with revenue from reforming international tax laws.

McConnell said he is "skeptical" of the proposal and favors the Senate proposal.

The Senate highway bill, funded for three years, is paid for with money from enhanced tax enforcement measures as well as the sale of U.S. emergency oil reserves.

Lawmakers in both parties said the short-term deal holds appeal in part because it includes money to help make up a shortfall in funding for veterans health care. Specifically, it allows the Department of Veterans Affairs to shift money from a fund meant to allow veterans to seek health care in non-VA facilities.