We'll help you keep your mind

You sound like the most sane person in the whole dynamic so hopefully there is at least a little comfort in that.
One reason you might be getting singled out is that there are multiple weak boundaries in the family and yours has the appearance of being the weakest. Meaning, because of his position in the family (son, brother), your husband is expected to handle things, and that is not an empowering position for you to be in. You SIL knows this.
Your SIL probably has a one-up or one-down view of relationships. She is either in a one-up position or a one-down position, and because you cannot directly defend yourself she perceives you as one-down and weak, making you bully bait.
What you have going for you is a husband who shares your perspective. He may regress when it comes to confronting his parents so the more support you give him, the more strength he may find.
How do you feel about following in your other sister-in-law's footsteps and opting out of family gatherings? Or adapting them so that you feel safe?
Direct approaches can sometimes be the most effective though the backlash is often greater: If your H speaks out and directly acknowledges the problem dynamics, your FIL will likely align with SIL given their track record of triangulation. And your H likely feels cowed by his parents given what you've shared. With you, your H may feel he can express what he thinks is right, but when it comes to action he might feel like he's 5 years old. His parents have some bullying behaviors, too, from what you describe.
Indirect approaches can work better, but the trade-off can lead to long tedious conversations about how to handle things. An indirect approach might be insisting on meeting in public places for lunch or brunch where it will be more challenging for SIL to harm others, if she comes.
Dysfunctional family dynamics seem to get worse the more time spent together, and get even more dysfunctional faster if there is alcohol. It's is perfectly within reason for you to control what you can, which is the environment, since you cannot control people who behave badly.
I have a dysfunctional family of origin, and I'm re-married into a family with a stepdaughter who has BPD.
I spent a long time feeling powerless and frustrated (in retrospect it was full-blown grief) about SD26, who lived with us on and off for 4 years.
I learned that we always have power, it's a question of fine-tuning what we choose to do in a way we can tolerate.
Do you feel you can tell your husband you will visit your in-laws under conditions in which you feel safe? That might help him help you think about what it means to feel safe, and problem solve from there. If the first round of solutions don't work, no contact is always there as the nuclear option.