Press "saute" and cook bacon until almost crispy.
Add chopped onions, garlic and jalapenos, stir. Saute for about 2-3 minutes.
Pour Rotel, vegetable broth, beef broth, water and seasonings into pot, stir.
Add pinto beans, stir.
Close and lock lid, turn vent to "sealing" and press "pressure cook" or "manual" and press "high pressure" with the cook time of 50 minutes (takes about 20 minutes to reach full pressure).
Once cook time has finished, natural release for 15 minutes then quick release.
Open lid carefully once float valve drops, add chopped cilantro and stir.
Optional: Top with sliced green onions and additional cilantro.