Bernie Ecclestone and Jean Todt have been given the power to make decisions regarding F1, a mandate that also governs the sport's engines.
Formula 1 is battling to survive these days, not only with spiralling costs but also with dwindling audience figures both at races and on television.
One issue that is believed to be playing a role in both is the current 1.6-litre V6 engines. Fans are unhappy with the pace and sound while the smaller teams have been left reeling from the costs.
The FIA had recently attempted to bring in a budget engine, a move that was blocked by Ferrari.
However, it could yet come into being after the World Motor Sport Council gave F1 supremo Ecclestone and FIA president Todt the power to make changes for the good of the sport.
An FIA statement read: "The World Motor Sport Council approved, by a near unanimous number (just one vote against), a mandate for the FIA President, Jean Todt and the Representative of the Commercial Rights Holder, Bernie Ecclestone to make recommendations and decisions regarding a number of pressing issues in Formula One such as governance, Power Units and cost reduction.
"Mr Todt and Mr Ecclestone expressed their intention to establish conclusions on these matters by 31 January, 2016."