The 2015 Coast Guard Authorization Act allows uninspected commercial fishing vessels to use in-water survival craft. However, transition to out-of-water survival craft is highly recommended for safety. Current regulations remain unchanged until future amendments. A rulemaking project for vessels operating beyond 3 NM is underway.
https://www.dco.uscg.mil/Featured-Content/Mariners/Marine-Safety-Information-Bulletins-MSIB/