Begin the recipe by dicing the onion and bell pepper. Set them aside.
Next, season the chicken with paprika, garlic powder, oregano powder, and salt.
Place the butter in the Instant Pot, and then add the chicken.
Set the Instant Pot to "Saute" and cook the chicken until it is browned on all sides. This will take about 5 minutes.
Once the chicken is browned, add the onion and bell pepper. Cook for 3-4 minutes, until the vegetables are softened.
Next, add the rice and chicken broth. Stir everything together, making sure that all of the rice is submerged in the liquid.
Close the lid of the Instant Pot, and set it to "Manual" for 12 minutes.After 12 minutes, allow the pressure to release naturally for 10 minutes, and then quick release any remaining pressure
Open the lid of the Instant Pot, and fluff the rice with a fork.
Serve immediately, topped with a dollop of butter (optional).