It’s no secret that Iceland was hit particularly hard by the global financial crisis. Three of its largest banks were nationalized and the government collapsed. Reykjavik, the nation’s capital, saw unprecedented riots and the Icelandic currency— the Krona— plummeted along with the bank accounts of every Icelander. Forbes even went as far to declare it “the land without an economy.” But could the economic chaos in Iceland have a silver lining?

Today members of the Icelandic Parliament will introduce a resolution that could begin Iceland’s transformation into the globe’s first “journalism haven.” The proposal tasks the parliament with cementing “freedom of expression and information in Iceland, as well as providing strong protections for sources and whistleblowers.”