Set the cooker to sauté-high; add bacon and cook 5–8 minutes until crispy.
Remove the bacon; discard most of the grease, keeping about 3 tbsp.
Add the seasoned meat; cook 4–5 minutes until browned on all sides (may need two batches).
Add chopped onions and minced garlic; cook 1 minute.
Add the pepper mixture and Mexican beer; mix well.
Add the fire roasted tomatoes with green chilies, bacon, and bay leaves; submerge the leaves without stirring.
Cover and pressure cook on high for 50 minutes, with a natural release of 45–50 minutes.
Remove the lid, discard the bay leaves, optionally skim excess grease, stir, and season with salt to taste.
Serving: Top with shredded cheese, onions, cilantro, jalapeño, avocado, sour cream, and lime juice as desired. Serve with cornbread, crackers, corn tortillas, or toast.