; (II) immediately revoke all issued H–1B visas currently being used by the petitioner employer; and (III) prohibit the petitioner employer from applying for additional H–1B visas for a period of not less than 5 years and not more than 10 years. (iii) Finding of material failure with displacement If the Secretary of Labor, after notice and opportunity for a hearing under subparagraph (C), finds that a petitioner employer materially failed to meet a condition under paragraph (1), and, in the course of, or as a result of, such material failure, the petitioner employer displaced a United States citizen or lawful permanent resident employed by the petitioner employer during the period beginning 2 years before the date on which any visa petition supported by the application was filed and ending 2 years after such date, the Secretary shall— (I) impose a fine against the petitioner employer that is not less than $100,000 and not greater than $500,000 per violation, which shall be deposited into the general fund of the Treasury; (II) immediately revoke all issued H–1B visas currently being used by the petitioner employer; (III) permanently bar the petitioner employer from applying for additional H–1B visas