Washington-(CNN) Senator Blanche Lincoln, D-Arkansas, has cancelled a New York fundraiser that had been works for Monday with Goldman Sachs executives, and is now vowing not to take any more campaign cash from the embattled Wall Street giant.
“In light of the S.E.C. lawsuit against Goldman Sachs, Senator Lincoln will schedule no future campaign-related events with the firm and will accept no further contributions from the firm's Political Action Committee or its employees,” said Katie Laning Niebaum, a spokeswoman for Lincoln’s Senate re-election campaign.
However, Lincoln still has no plans to give back campaign money she has already raised from Goldman Sachs.
Lincoln told CNN Tuesday she would not return $4,500 dollars her re-election campaign has already received from Goldman Sachs’ political action committee.
First, at a Senate press conference, the senator told CNN she was not contemplating giving back the funds, and later Tuesday on CNN’s Situation Room, she said, "The point here is, the contribution didn't make any difference because I still produced one of the toughest reform bills that's been presented."
Lincoln is in a tough battle to keep her Arkansas Senate seat, facing a challenge not just from Republicans but from fellow Democrat Bill Halter, running against her in the party’s primary.
Halter blasted Lincoln Tuesday for not returning the Goldman contributions.
“I am disappointed that Sen. Lincoln is choosing to keep contributions from Goldman Sachs – one of the very companies she is supposed to be regulating and who was charged last week with fraud," Halter said in a release.
Lincoln’s spokeswoman tells CNN that she decided a few days ago that it was best not to go through with an event with Goldman employees, which she said was going to be a “meet and greet” in New York.
Lincoln is Chairwoman of the Senate Agriculture Committee, which passed legislation Wednesday that she authored to increase transparency over complex derivatives trading, and crack down on Wall Street’s ability to profit from the controversial practice.
Lincoln’s spokeswoman insists that action is proof that Goldman Sachs contributions in the past have had no effect on how she conducts herself as senator.
“The contributions have no impact on Senator Lincoln's public policy decisions, as evidenced by her Wall Street reform bill, which was heralded today as it passed the Senate Agriculture Committee with bipartisan support,” said Laning Niebaum.