Turn the Instant Pot on SAUTÉ HIGH. Add oil.
When the oil heats, add onions, garlic, green pepper, and jalapeño. Sauté for 1 minute to soften vegetables.
Add cumin, oregano salt, tomato paste, and bay leaves.
Add brown rice, beans, and water and stir.
Press CANCEL to turn off Sauté. Press PRESSURE COOK and cook on HIGH PRESSURE for 35 minutes.
Allow the pot to release pressure naturally. Do not rush this as you need time for the beans and rice to absorb any remaining water.
Garnish with cilantro, if using, and serve.
