All those rules can then be kept, amended or scrapped by Britain's Parliament, fulfilling the promise of anti-EU campaigners to "take back control" from Brussels to London.
But the battle lines have already been drawn - with Labour and the Lib Dems vowing to grind parliament to standstill.
Mr Corbyn said the central plank of the Government's Brexit strategy gave it the power to "tear up important regulations" without MPs' say.
That the European Charter of Fundamental Rights is incorporated into United Kingdom law.
The statement continued: "The European Union (Withdrawal) Bill does not return powers from the EU to the devolved administrations, as promised".
"We've gone through a general election, and people rejected that style and approach - they want us to get together: sensible Brexit, putting the national interest absolutely first".
"The eyes of the country are on us and I will work with anyone to achieve this goal and shape a new future for our country".
Probably one of the most significant Bills ever to come to Parliament, it is meant to transfer European Union law on to the United Kingdom statute book.
And the Brexit department also confessed up to 10 new quangos will need to be created to oversee the new laws once we leave the EU.
Labour is calling for a guarantee that workers" rights in the United Kingdom do not lag behind the Socialist EU's, and that the widespread "Henry VIII' powers allowing for government to amend the statute without Parliament's approval are restricted.
The Bill says the charter will no longer apply to Britain after Brexit, although the government argues that all of the rights identified in the charter will be retained so its abolition is unlikely to have much practical impact.
HuffPost UK has been told that the two-year limit was aimed at allowing "an orderly flow" of legislation over coming years, as Parliament risks getting clogged up with thousands of Statutory Instruments needed to transfer European Union law into British law.
Barnier also met the first ministers of Scotland and Wales in a move that risked further undermining Prime Minister Theresa May's fragile government.
She also asks the Brexit Secretary whether children will have to prove they have been in the United Kingdom for five years, and if so what evidence will need to be provided.
"A full audit is essential if we are to fully understand, appreciate and protect the rights that we now benefit from every day here in the United Kingdom". But there is nothing in this Bill to stop politicians shredding or watering down our rights in the future.
"If the European Union genuinely want to resolve the question of residence rights of European Union nationals, they need to separate out the two issues to enable a negotiation in good faith which can give certainty to the hundreds of thousands of children and their families left in limbo".
Sean Kennedy, who represented Airlines for America, a trade organization of leading carriers, said that without a deal, flights between the U.S. and the Britain would come to a halt on day one of Brexit, and warned of "major disruption that could wreak havoc on all sides".