Select Saute on your Instant Pot. Olive oil is added. As you toss and break up the beef and sausage with a spatula (or meat grinder), add the meat and cook until it is browned.
Jalapeno, green pepper, and onion are added; simmer for an additional three minutes, or until softened.
Add the bay leaves, garlic, tomato paste, chili powder, cumin, oregano, salt, pepper, brown sugar, and stir to combine. Cook for one to two minutes, or until aromatic.
Crushed tomatoes, chicken stock, and beans should all be added; mix to incorporate. Cook for 15 minutes in the instant pot by selecting MANUAL or HIGH PRESSURE. Give the chili 10 minutes to release naturally.