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In a large skillet over medium heat, melt the butter. Add the diced onion, green bell pepper, red bell pepper, and jalapeño. Sauté for 4-5 minutes, stirring occasionally, until the vegetables soften and become fragrant.
Add the ground beef to the skillet and cook until browned, breaking it apart with a spoon as it cooks. Drain any excess fat for a leaner dish.
Stir in the soy sauce, garlic powder, salt, and black pepper. Mix well and cook for an additional 2-3 minutes to allow the flavors to meld together.
Serve the beef and pepper mixture over cooked rice for a hearty and flavorful meal, if desired.