Add the ground beef into a small dutch oven, cook over medium heat, breaking up the meat while it cooks.
When the meat is mostly cooked, only slightly pink, add in the diced onion and red bell pepper. Let those cook until softened.
When the meat is fully cooked, and the veggies are soft, add in the minced garlic and cook an additional 30 seconds.
Add in the tomato paste, tomato sauce, beef broth, chili powder, salt, paprika, cumin, and oregano.
Stir to combine.
Add the bay leaves. Bring to a simmer. Cover and let cook for 15-20 minutes.
Remove the lid, and continue to cook for another 10-15 minutes until the broth reduces slightly if needed and the chili is thick.
Add toppings as desired and enjoy