It's day two of the music portion of SXSW. Here's our hot picks for panels today:

12:30 PM Does Rock and Roll Belong in a Museum? LA Times pop critic – and FMC advisory board member - Ann Powers will be joined by Jim Henke, Lauren Onkey and rocker Lenny Kaye.

02:00 PM Mentor Session 3 Sign up for a consultation with FMC's Alex Maiolo. *Alex is in Austin all week and is interested in meeting with managers, label folks, nonprofit organizations, even full bands, to talk generally about health insurance. Set up a meeting by emailing alex@futureofmusic.org.

02:00 PM Merge Makes Noise Oh, how we love Merge Records. Journalist Michael Azerrad will be chatting with co-founders Mac McCaughan and Laura Ballance.

03:30 PMCreative Capitol: Music, Culture and Policy under Obama
The 2009 inauguration of Obama - plus Democratic majorities in Congress - meant a shift in the power dynamic in Washington, DC. How are creative industries faring so far in this administration? Top staffers will discuss the key music-technology-policy issues on Capitol Hill and at the FCC, and how musicians are engaging.
Michael Bracy Policy Director, Future of Music Coalition
Rachel Goslins President's Committee on the Arts & Humanities
Austin Schlick General Counsel, Federal Communications Commission
Tim Tuten Hideout/Department of Education
Christine Varney Assistant Attorney General for Antitrust, Department of Justice

05:00 PM Why Hasn't the Record Industry Sued Girl Talk? Documentary filmmaker Benjamin Franzen, who worked with Kembrew McLeod on Copyright Criminals, will join an impressive panel to discuss fair use and the sample license clearance process. Should be an amazing conversation.

Check out our Twitter feed for up-to-the-minute coverage.