In the Instant Pot, add all the ingredients above. Seal the IP, press the Beans button and adjust the time to 55 minutes. Make sure the mode is set to normal and the pressure is high.
4 cups chicken broth, 2 cups dried pinto beans, 1 small onion, 1 teaspoon dried oregano, 1 teaspoon cumin, 1 teaspoon garlic powder, 1 teaspoon onion powder, 1 teaspoon salt, 1/4 teaspoon chipotle powder