Tanaiste Simon Coveney, who unveiled the legislative package at Government Buildings in Dublin, said he hoped the Bill would never need to be enacted.
This bill has 15 parts covering nine government Departments and is one of the most wide-ranging pieces of legislation seen in the Oireachtas in the last few years.
The CBI has warned that this scenario could cost the Northern Ireland economy millions of pounds overnight. To manipulate people's fears in such a way was careless and reckless.
That would involve significant amounts of money and also a relaxation of the state aid rules that allows us to support vulnerable sectors through the consequences of a no-deal Brexit.
The 5.75 million euro (£5 million) state aid boost will support the company as it shifts to the production of Mozzarella cheese with the aim of finding new buyers.
The Omnibus Bill, which will be fast-tracked through the Oireachtas parliament in Dublin, covers a wide range of governmental functions, and is created to support businesses and jobs and secure ongoing access to essential services and products.
For example, the bill includes provisions to allow patients in Ireland to continue to be reimbursed if they get medical treatment in the United Kingdom, and for Irish pensioners living in the United Kingdom to continue receiving payments.
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The Bill will be debated in the Dail next week and then in committees the following week, before being debated in the upper chamber, the Seanad.
"But on the other hand we are getting very close to March 29. there comes a time when there has to be some honesty as well in terms of what the actual implications of a no-deal are in terms of the border", he said.
"This Government will not be found wanting in supporting and working with this sector through a very hard period, should a no-deal Brexit materialise", he said.
We have to hope that the high risk strategy being pursued by Theresa May will not result in a no deal, but few would have confidence that she has the skill and necessary support to pull off an against all the odds victory for her Withdrawal Bill.
Fianna Fail leader Micheal Martin last night issued a warning to the Government that it is time for "honesty" on the impact a no-deal Brexit would have on the border and demanded clarity on the issue.
Sinn Fein's Brexit spokesman David Cullinane said the Bill showed the "sorry state" of Brexit.
"We have been speaking to the European Commission and the commissioner Phil Hogan very directly".