Press “SAUTE” button on the Instant Pot. Once hot, add oil, onion, and sauté for 5 minutes (keep stirring) or until the onion is tender and translucent.

Add peppers and garlic and saute a come minutes or until fragrant. Hit "cancel" on instapot pot.

Add remaining ingredients. Choose "pressure cook" option, cover and seal top.

Pressure cook for 17 minutes, then allow natural release for 15 minutes. You can manually release pressure from pot at this time.

Remove bay leaves and stir. Taste and adjust seasonings as needed. I had to add a bit more seasonings to adjust to my liking. Go slow on the salty seasonings when adding. Remember, you can't take salt back out and hard fix if you overdue it. Enjoy!