Turn your Instant Pot on the sauté function and add the olive oil.
When the oil is hot, add the diced onion, and peppers.
Stir to evenly cook until the onion is translucent.
Add the ground beef, and garlic to the onion pepper mixture.
Cook the beef, browning and crumbling for 5 minutes.
Turn off the Instant Pot and add all remaining ingredients.
Stir all ingredients to combine.
Cover Instant Pot and set to sealing.
Set the Instant pot to Manual High Pressure for 3 minutes.
Once the Instant Pot beeps time is up, allow it to do a natural
release for 5 minutes.
Then do a quick release, carefully.
This recipe makes great leftovers. I think it tastes better the next day, so make it a day ahead if you want a great flavor. If your rice soaks up all of your liquid add in some water or some broth to thin it back out to your liking.