In large saucepan, heat oil over medium heat. Add onion, pepper and garlic; cook, stirring, until softened, 7 minutes; don't let garlic burn.Advertisement
Add tomatoes with juice, tomato sauce, chili powder, salt, cumin and oregano, breaking up tomatoes with wooden spoon; cook over medium heat 5 minutes.
Add beans and meatballs to saucepan. Bring to boiling. Reduce heat to medium; cook, covered, 5 minutes, stirring once or twice.
Serve chili over cooked white rice, if desired. Makes 8 servings.