Systems and methods for controlling the modulation current of a laser included as a component of an optical transmitter, such as an optical transceiver module, are disclosed. Control of the modulation current, which affects various laser operational parameters, including extinction ratio and optical modulation amplitude, enables operation of the laser to be optimized, thereby enabling reliable transceiver performance to be achieved. In one embodiment, a method for modifying the modulation current in an optical transceiver module includes first sensing analog voltage data that proportionally relates to an actual modulation current of the laser. Once sensed, the analog voltage data are converted to digital voltage data. Using the digital voltage data, the actual modulation current of the laser is determined, then a desired modulation current is determined. Should a discrepancy exist between the actual and desired modulation currents, the actual modulation current is modified to match the desired current.