Set the Instant Pot to Saute setting.
Saute butter and dry rice together for 4 minutes.
Stir chicken stock, tomato sauce, cumin, chili powder, garlic powder and onion powder into the rice.
Lock the lid in place, set to manual and push the time down to 10 minutes.
Make sure the steam valve is set to sealed.
Once the time is up, push the steam valve open and let all the steam release.
Fluff the rice with a fork and serve.
