Rinse pepper steak, pat dry and place in a large bowl.
In a small bowl, blend cornstarch with cold water until smooth. Pour over steak.
Add honey, 2 tablespoons olive oil, garlic, ginger and soy sauce. Stir to mix. Set aside.
Heat the remaining 1 tablespoon olive oil in a medium skillet over high heat. Add peppers and onions and sauté for 3 minutes.
Reduce heat to medium, cook 10-15 minutes longer or until vegetables are softened.
In a large skillet, over high heat, sauté steak and honey mixture for 3 minutes. Reduce heat to medium, cover, and cook 10 to 15 minutes longer or until beef is cooked through.
In a large serving bowl, combine peppers and onions with steak and mix. Serve warm with Jasmine rice, if desired.
Contributed by: Quick & Kosher, JAMIE GELLER