Add all the ingredients to make the broth. Close and lock the Instant Pot® lid. Make sure the steam release handle is turned to Sealing. Press Pressure Cook and set time to 1 Minute.
Strain the broth and set aside.
To make the risotto, add all the ingredients in the order listed. Close and lock the Instant Pot® lid. Make sure the steam release handle is turned to Sealing. Press Pressure Cook and set time to 3 Minutes.